Renewed Lease to ASX Listed ANZ – High Profile Kings Highway Location

73 Monaro Street (Kings Highway), Queanbeyan NSW

Property Highlights

79% income secured by ANZ
Annual rent reviews 4% & CPI
ANZ pay 75% of all outgoings

Description

+ Renewed 2-year lease to ANZ until November 2022 + options to November 2026
+ ANZ: Top 6 ASX listed company with $55.07 billion market cap
+ 5-year lease to adjoining Royal Hotel until June 2024 + option to June 2029
+ Royal Hotel: Adjoining entertainment venue with recent multi-million-dollar upgrade
+ ANZ are responsible for 75% of all outgoings
+ Annual rent reviews with ANZ (4% fixed) & Royal Hotel (CPI)
+ Immaculate 180sqm branch updated to ANZ latest corporate standard + 133sqm rear office
+ High profile 737sqm site with 12 metre frontage to Kings Highway & 10 car parks on title accessed via ROW
+ Key retail location servicing 35,530 residents within 5km
+ Nearby Riverside Plaza (40+ retailers incl Coles), CBA, NAB, Westpac, St George, K-Mart, Dan Murphys, Woolworths & ALDI
+ Queanbeyan: Established suburb situated only 10km South-East of the Canberra CBD
+ Rent: $123,015 pa + GST

For Sale by Investment Portfolio Auction
11:00am (AEDT) Tuesday 8 December
Yallamundi Rooms, Sydney Opera House

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
737 SQM
Building Area
313 SQM

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