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SOLD

250-268 Clarinda Street, Parkes, NSW, 2870

Properties / Sold / New South Wales / Parkes

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

3,192 m² (*approx)

Floor Area

1 m² (*approx)

Property Type

Retail, Other

Terms

5 year lease to 2028

Est. Income

$150,842 p/a

Fully Leased

Discount Dave’s

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2. Property Highlights

Prime CBD Discount Dave’s Anchored Retail Investment

Prime 3,192 sqm* Freehold Landholding
Fully Leased High Exposure Freehold
Attractive E1 Local Centre Zoning

Burgess Rawson is pleased to offer to the market 250-268 Clarinda Street & 33 Court Street, Parkes NSW for sale via our Investment Auction Portfolio 172.

The opportunity has the following investment highlights:

+ Anchored by 5 year lease to 2028 to Discount Dave’s – operated by The Bernardi Group, operator of Supermarkets & discount stores with 500+ staff

+ Fully leased high exposure retail investment, strategically positioned in Parkes CBD

+ Total of 4 tenants providing diverse income streams

+ Fixed 3% annual rental increases, as per leases, providing enviable rental growth

+ Comprising some 3,192 sqm* – 250-268 Clarinda Street 2,427 sqm* & 33 Court Street 765 sqm*

+ Attractive E1 Local Centre zoning allowing for multiple uses (STCA)

+ Convenient location near Big W, Coles, Woolworths, Reject Shop & Westpac

+ The Parkes Region, perfectly positioned at the heart of Central West NSW is a thriving regional growth centre with a robust and diverse economy & generates a Gross Regional Product of over $900 million per year

+ Net Income: $124,190 pa* + GST

To be sold by Investment Portfolio Auction

10:30am AEDT Tuesday 29 October 2024

Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx.

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