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Salvos Stores & RPM Global, 439 High Street (corner Elgin Street), MAITLAND, NSW, 2320

2. Property Highlights

New 7 Year Lease to the Salvos - 'Essential Service' with 100+ Year History
  • New 7 year lease to Salvos
  • Rare fixed 3.5% increases
  • Fully leased 831sqm building

+ Salvos Stores: Important government funded ‘essential service’ retail chain with 125 year history and 330+ stores nationally

+ Seven (7) year lease to March 2027 plus options to March 2037 (Salvos Stores)

+ RPMGlobal: ASX listed consulting & advisory firm to the mining industry established in 1968 with 22 locations across 14 countries

+ Three (3) year lease to July 2023 plus option to July 2026 (RPMGlobal)

+ Fully leased 773qm two-level freehold building with triple street frontage

+ Rare fixed 3.5% annual rent increases ensuring rental growth

+ Prime retail position amongst Woolworths, K-Mart, ALDI and all major banks

+ Maitland City Councils 85,166 population is set to grow by 31% to 111,829 by 2041*

+ Maitland: capital of the Hunter Valley, the largest regional economy in Australia with an estimated 322,000 jobs **

+ Net Rent: $203,296 pa + GST

For Sale by Investment Portfolio Auction

Tuesday 30 March at 11am

Yallamundi Rooms, Sydney Opera House

*Remplan

**New South Wales Government

Remember to mention you found this property on CommercialReady.com.au

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3. Property Location

Salvos Stores & RPM Global, 439 High Street (corner Elgin Street), MAITLAND, NSW, 2320

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Salvos Stores & RPM Global, 439 High Street (corner Elgin Street), MAITLAND, NSW, 2320 Maitland
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