104 Maitland StreetNarrabri NSW 2390
Property Details for 104 Maitland St, Narrabri
Last Listing description (November 2024)
MRE and Burgess Rawson are pleased to offer to the market Westpac at 104 Maitland Street, Narrabri NSW for sale via private treaty.
The property has the following investment highlights:
+ Recent 5 year lease to Westpac to 2028 plus options to extending to 2034
+ Landlord friendly net lease, tenant pays outgoings, as per the lease
+ Compounding fixed 3% annual rental increases, ensuring income growth
+ Substantial 1,246 sqm* CBD landholding in close proximity to several national brands including Woolworths, Coles and McDonalds.
+ Strategic positioning on Maitland Street, the primary thoroughfare through Narrabri's business district.
+ Easily managed premium tenant investment
+ Narrabri: strong and vibrant regional growth centre supported by a diverse business sector
+ Net Income: $107,570 pa* + GST
Please contact the exclusively appointed sales team for more information
*Approx
ASX: As of 28/05/2024
Property History for 104 Maitland St, Narrabri, NSW 2390
- 24 Sep 2024Sold for $1,400,000
- 07 Jun 2024Listed for Sale $1,450,000
- 12 Oct 2022Sold for $915,000
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0About Narrabri 2390
The size of Narrabri is approximately 1,294.2 square kilometres. It has 22 parks covering nearly 10.7% of total area. The population of Narrabri in 2011 was 7,391 people. By 2016 the population was 7,614 showing a population growth of 3.0% in the area during that time. The predominant age group in Narrabri is 0-9 years. Households in Narrabri are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Narrabri work in a trades occupation. In 2011, 64.1% of the homes in Narrabri were owner-occupied compared with 63.5% in 2016.
Narrabri has 4,482 properties. Over the last 5 years, Houses in Narrabri have seen a 72.45% increase in median value, while Units have seen a 110.47% increase. As at 30 November 2024:
- The median value for Houses in Narrabri is $373,442 while the median value for Units is $252,279.
- Houses have a median rent of $480 while Units have a median rent of $318.
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