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Investment Highlights

  • Secure lease to ASX-listed Westpac Banking Corporation with St George branding.
  • Net annual income of $66,477 plus GST with tenant paying all outgoings.
  • Outstanding Armidale CBD location with dual street exposure and five on-site car parks.
  • Recently completed full office fit-out funded by tenant.
  • Long-term lease commitment through November 2033.

Executive Summary

This premium retail investment offers a rare opportunity to acquire a blue-chip asset in Armidale’s central business district. Featuring dual street frontage and on-site parking for five vehicles, the property is leased to Westpac Banking Corporation (ASX: WBC), one of Australia’s largest and most stable financial institutions. The premises serve as a combined Westpac and St George branch and have undergone a full tenant-funded fit-out, ensuring a modern, high-standard presentation.
Generating a net annual income of $66,477 plus GST, with the tenant responsible for all customary outgoings, this investment delivers secure cash flow over the long term. The robust lease structure comprises a 5 x 5-year term, expiring 18 November 2033, positioning this property as an ideal choice for passive investors seeking reliable returns. Strategically located steps from Armidale’s retail core, the site benefits from strong consumer traffic and proximity to established businesses and local amenities.
Scheduled for auction on Wednesday, 17 June 2026, at McGrath HQ, Sydney (with online bidding available), this is your chance to invest in a quality, income-producing asset backed by a household banking brand.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,668 SF
Building Class
C
NOI
$65,901 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.08 AC
Parking
5 Spaces (3 Spaces per 1,000 SF Leased)
  • Listing ID: 40745082

  • Date on Market: 2026-06-02

  • Last Updated:

  • Address: 155 Beardy St, Armidale, NSW 2350

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