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SOLD

38 Wingecarribee Street, Bowral NSW 2576

PROPERTY HIGHLIGHTS 

  • Leased to Centrelink/Medicare

  • 12 year lease with options to 2035

  • Fixed 5% annual increases

Centrelink/Medicare NSW Southern Highlands 12 year lease with Options to 2035 
DESCRIPTION​

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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.


Investment Highlights:
 

  • 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 information, please contact the exclusive selling agents:


* (approximately)

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