117-121 Tamar Street, BALLINA NSW 2478
New 5 Year Lease To Government Tenant
A-grade commercial office premises, situated in the CBD of the coastal property hotspot Ballina, NSW.
The offering consists of a 1790sqm* allotment, zoned B3 Commercial Core, and is improved by a modern premise totalling 1300sqm* in building area; as well as 7 secured and 13 unsecured on-site car spaces.
Leased to the Commonwealth of Australia, occupied by Centrelink on a new 5+3+3 lease commencing 12th February 2020, the approximate Net rental income is $440,000* per annum showing a 6.4% return.
This a very rare opportunity to secure a government tenanted building in the tightly-held commercial precinct of Ballina within 30 minutes to Byron Bay .
* 5 year lease commencing 12/02/2020 + 3 + 3 year options
* Lease to Commonwealth of Australia
* Approximately Net Rental Income $440,000* + GST per annum showing a 6.4% return
* 1300sqm* of building, recently fully refurbished
* 1790sqm* of land zoned B3 Commercial Core
* 20 on-site car parks
* 5 minutes to Ballina/Byron Gateway Airport, daily flights to Sydney & Melbourne
* 5.0-star NABERS Energy rating
For further information or to arrange an inspection contact Chris Harley on 0412 758 830
- Land is 1,790 m²
- Floor Area is 1,300 m²