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New 7 Year Lease to the Salvos – ‘Essential Service’ with 100+ Year History

439 High Street (corner Elgin Street), Maitland NSW

Property Highlights

New 7 year lease to Salvos
Rare fixed 3.5% increases
Fully leased 831sqm building

Description

+ Salvos Stores: Important government funded ‘essential service’ retail chain with 125 year history and 330+ stores nationally
+ Seven (7) year lease to March 2027 plus options to March 2037 (Salvos Stores)
+ RPMGlobal: ASX listed consulting & advisory firm to the mining industry established in 1968 with 22 locations across 14 countries
+ Three (3) year lease to July 2023 plus option to July 2026 (RPMGlobal)
+ Fully leased 773qm two-level freehold building with triple street frontage
+ Rare fixed 3.5% annual rent increases ensuring rental growth
+ Prime retail position amongst Woolworths, K-Mart, ALDI and all major banks
+ Maitland City Councils 85,166 population is set to grow by 31% to 111,829 by 2041*
+ Maitland: capital of the Hunter Valley, the largest regional economy in Australia with an estimated 322,000 jobs **
+ Net Rent: $203,296 pa + GST

For Sale by Investment Portfolio Auction
Tuesday 30 March at 11am
Yallamundi Rooms, Sydney Opera House

*Remplan
**New South Wales Government

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
550 SQM
Building Area
773 SQM

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