Harvey Norman, 8/4-10 Queen Elizabeth Drive, Armidale, NSW 2350

For sale by Private Treaty, a long standing Harvey Norman investment in the wealthy New England city of Armidale.

The property has the following attributes: -

* Renewed lease to 2028 plus options to 2033
* Harvey Norman – ASX listed retail giant, with a turnover of $8.86 Billion in 2024
* Tenant in occupation since 1996
* Girraween Shopping Centre - landmark retail centre with Ampol, Australia Post, BWS, Dominos Pizza and many other speciality retailers
* Easy access to New England Highway
* Growing population underpinned by strong economic fundamentals
* Armidale region Gross Regional Product of $2.8 billion
* Major hub for healthcare, education, agriculture and industry
* 2,248 sqm building area
* Ample parking
* Annual CPI rent increases, up to 3%
* Easily managed premium tenant investment

Net Income: $262,895* pa + GST (Est)

The property is for sale for $4,250,000 (6.20% return)