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SOLD

Centrelink, 77 Paterson Street, TENNANT CREEK, NT, 0860

Properties / Sold / Northern Territory / Tennant Creek

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

1,010 m² (*approx)

Floor Area

378 m² (*approx)

Property Type

Offices, Child/Healthcare, Retail

Sub-type

Office Suites, Mixed Use, Consulting Rooms

Terms

Just renewed 3-year lease to 2026

Est. Income

$130,353 p/a

Fully Leased

Centrelink

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2. Property Highlights

High Yield Centrelink Investment

9% Return Anticipated
Just renewed 3-year lease
The only Centrelink for 500km radius

Just renewed 3-year lease to 2026

Plus option to 2029

Centrelink (and Medicare), a vital public service & an agency of the Australian Government

Leased to the Australian Government

The only Centrelink in a 500 km radius

Tennant Creek, historic town with gold, copper, magnesium & cattle

Modern, 378 sqm air-conditioned building constructed in 2004

Valuable depreciation benefits still available

1,010 sqm land holding in a strategic location on Stuart Highway

Easily managed single tenant investment

Annual 3% rent increases

Estimated net income p.a. $130,353 excl GST (as at April 2023)

For Sale by Auction

Tuesday, 7 March 2023

10:30am AEDT

Auctionworks, 50 Margaret Street, Sydney NSW

In-person and online bidding available

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Offices, Child/Healthcare, Retail

Sub-type

Office Suites, Mixed Use, Consulting Rooms

Est. Income

$130,353 p/a

Tenant

Centrelink

Terms

Just renewed 3-year lease to 2026

Land Area

1,010 m² (*approx)

Floor Area

378 m² (*approx)

Selling Method

Auction

Auction Date

7 Mar 2023 10:30AM

Add to calendar

Selling Details

Contact Agent

2. Property Highlights

High Yield Centrelink Investment

9% Return Anticipated
Just renewed 3-year lease
The only Centrelink for 500km radius

Just renewed 3-year lease to 2026

Plus option to 2029

Centrelink (and Medicare), a vital public service & an agency of the Australian Government

Leased to the Australian Government

The only Centrelink in a 500 km radius

Tennant Creek, historic town with gold, copper, magnesium & cattle

Modern, 378 sqm air-conditioned building constructed in 2004

Valuable depreciation benefits still available

1,010 sqm land holding in a strategic location on Stuart Highway

Easily managed single tenant investment

Annual 3% rent increases

Estimated net income p.a. $130,353 excl GST (as at April 2023)

For Sale by Auction

Tuesday, 7 March 2023

10:30am AEDT

Auctionworks, 50 Margaret Street, Sydney NSW

In-person and online bidding available

Remember to mention you found this property on CommercialReady

Centrelink, 77 Paterson Street, TENNANT CREEK, NT, 0860 Tennant Creek

Knight Frank - Sydney CBD

Level 22 Angel Place, 123 Pitt Street Sydney NSW 2000

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Matthew Knight

+61 *** *** *** show +61 413 058 020

Peter McVann

+61 *** *** *** show +61 412 833 276

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Centrelink, 77 Paterson Street, TENNANT CREEK, NT, 0860