Leased to Property and Development NSW on behalf of the Department of Communities and Justice, this is a straightforward government-tenanted investment with a freshly executed 5-year lease and no outgoings exposure with a Net rent of $282,669 per annum plus GST.
This office services child protection, housing, justice and community programs across the Port Stephens LGA and have been in this building for 16 years!
For an investor looking for a clean investment with a good yield - government income, fixed escalations, full outgoings recovery, this is it.
Please contact Steven or Nathan for more information.
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