Government health office building up for sale
THE Ballina property will be available for purchase via phone and online bidding on May 19.
Lismore
Don't miss out on the headlines from Lismore. Followed categories will be added to My News.
THE NSW Government Health office covering north-eastern NSW has been listed for sale.
Burgess Rawson have listed the property for auction next month.
The 265 sqm of commercial accommodation, located at 1/317 River Street, Ballina, is leased to the NSW Government on a new lease.
The property will be available for purchase via phone and online bidding from 11am on Tuesday, May 19.
This essential government-leased property provides public health care services to a region of more than 300,000 residents, and returns a net income of $53,725 pa + GST.
The asset is located on Ballina’s main street, and includes three car spaces on the title.
It has recently undergone a significant renovation to be government-tailored.
According to Burgess Rawson selling agent Darren Beehag, the site is a promising investment opportunity due to its strong tenant and prime location.
“The distinction of a NSW Government blue chip leased investment is compelling in that you can rely on your rent being paid on time, every time,” Mr Beehag said.
“There is a demand in the current market for commercial assets around the $1 million price point, not to mention the popularity of a long lease to a Government tenant, so because of this, we are gearing up to expect competitive bidding during our online and telephone bidding auction.”
For further information contact dbeehag@sydneyburgessrawson.com.au.