38 Wingecarribee Street, Bowral NSW 2576

SOLD - $9,500,000
Centrelink/Medicare NSW Southern Highlands
12 year lease with Options to 2035 

  • Leased to Centrelink/Medicare

  • 12 year lease with options to 2035

  • Fixed 5% annual increases

38 Wingecarribee Street, Bowral delivers the astute investor a unique opportunity to secure an asset with a long-standing tenancy delivering strong rental returns courtesy of Australia’s most prized tenant – The Australian Federal Government, together with significant fixed annual rental growth.

Then property provides an exceptional opportunity to secure an outstanding property in the heart of Bowral. Key investment features include:

- Occupied by Centrelink – Australia’s no.1 tenant secured by the Australian Federal Government.

- Exceptional position in the heart of Bowral CBD

- Large car parking capacity courtesy of public car parking directly opposite

- Recent $900k interior fit-out upgrade paid by tenant 

- Additional mezzanine space at rear of property ideal for additional tenancy income

- NLA 781.0 sqm + 10 underground staff car parking spaces
- Fixed 5% annual increases (including options)
- Net Income $440,709 pa + GST

For further details of this outstanding property, contact Next Commercial's dedicated sales agents:

 

David McClatchey

M: 0402 445 499

E: david.mcclatchey@nextcommercial.com.au

Anthony Bray.

M: 0419 322 233

E: anthony.bray@nextcommercial.com.au

David McClatchey 0402 445 499
Anthony Bray 0419 322 233