This modern 609sqm large format retail outlet is strategically positioned within a high traffic commercial complex just off the Castlereagh Highway. The property is securely underpinned by an established tenant delivering highly predictable, passive cash flow from day one, with a 5.9% return, increasing to 6.05% from May 2027.
The surrounding area is rapidly evolving into Mudgee's dominant commercial core. Mudgee continues to benefit from strong regional growth, and with the Bunnings development directly opposite, this location is only becoming more entrenched as a key retail hub.
With limited industrial and commercial space available in this high-growth precinct, this asset represents a rock-solid addition to any commercial portfolio.
- Located within a well-established commercial precinct just off the Castlereagh Highway
- Customer parking available at the front of the property
- Versatile internal layout offering flexibility for a range of commercial uses if required
- Secure, national tenant occupying the premises for 23+ years, providing long-term stability and backed by a network of over 320 stores across Australia.
- Net income of $88,464 per annum plus GST and outgoings ($6,991 per annum, rates & strata)
- Current lease term to May 2027
- Tenant has already formally exercised their option to renew the lease a further 5 years to May 2032 with a further 2x5 year options to May 2042
- Fixed yearly increases of 3% guarantees yield growth
