120 Lambeth Street
Glen Innes, NSW 2370

Overview

Premium Commercial Property with a household name Lessee-Elders Rural Services Australia Limited

This premium commercial property presents a valuable investment opportunity, featuring a long-term lessee with a strong presence in the Australian agribusiness sector. The property has been occupied by Elders Rural Services Australia Limited since the early 2000s, demonstrating the reliability and stability of the tenancy.

The building encompasses a substantial 640 square meters of floor space, designed to accommodate various business functions. It includes a large reception and office area, five individual offices, separate male and female toilets, a printer room or storage area, and a kitchenette. Additionally, there is a large warehouse space suitable for a range of industrial or storage needs, complemented by a loft storage area not depicted on the floorplan.

The land size totals 3,023 square meters, providing ample space for current operations and potential future development. Zoned as E4 General Industrial, the property offers versatile zoning that may allow for further development possibilities, subject to council approval (STCA).

Lease details include a current lease commencement date of January 21, 2024, with the lease expiring on January 20, 2027. There is an option for a further three-year lease extension until January 20, 2030. The current monthly rent is $4,083.52 including GST, and the property is currently self-managed by the lessor.

Located in Glen Innes, a thriving regional town situated at the crossroads of two major highways, the property benefits from steady traffic flow. The New England Highway serves as the main inland route between Brisbane and Sydney, while the Gwydir Highway connects Grafton to Walgett. Glen Innes is increasingly popular among diverse demographics, attracting residents relocating from metropolitan and coastal regions due to rising living costs.

All information provided is gathered from sources considered reliable; however, accuracy cannot be guaranteed, and interested parties should conduct their own inquiries. The boundaries shown in marketing images represent approximate property boundaries.

Location