Corrective Services NSW, 91 Victoria Street,
Taree, NSW 2430

Burgess Rawson and First National are pleased to present this impressive, high profile NSW Government leased investment located at 91 Victoria Street, Taree to the market for sale via our Investment Portfolio Auction 165.

The investment has the following key investment highlights:

+ Recently renewed 5 year net lease to NSW Government to 2028, plus further 5 year option extending to 2033
+ Corrective Services NSW: supervising offenders & deliver programs to reduce re-offending, and facilitate reintegration for a safe community
+ Government Social Infrastructure: government funded, highly reliable and stable asset class
+ Prime 1,406sqm* corner site with 62m* combined frontage
+ New 535sqm* complex built in 2018
+ Important 17 on-site car spaces
+ Strong growth area with the Taree population forecast to grow by 17.6% by 2041
+ Compounding 3% rental increases, ensuring income growth
+ Tenant pays outgoings including land tax and management fees, as per the lease
+ Taree: retail & commercial capital of the Mid Coast council, trade catchment circa 93,800
+ Net Income: $159,703 pa* + GST (as at February 2024)

To be sold by Investment Portfolio Auction 165
10:30am AEDT Tuesday 5 December 2023
Sydney Opera House, Yallamundi Rooms

Please contact the exclusively appointed team for more information.

*Approx.