Long Term Recession Proof Investment
170-174 Baylis Street, Wagga Wagga NSW 2650
PROPERTY HIGHLIGHTS
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Brand new 5 year lease extension commenced 1st July 2023 plus options extending to 2033
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Best & Less - long-standing tenant in occupation for 30+ years
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Best & Less operates 186 stores nationwide, primarily focusing on regional areas
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Dominate 1,313sqm* main street site extensively refurbished internally and externally providing customer parking at the rear
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Fixed 3.5% annual increases
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Annual net Income $267,620* +GST
DESCRIPTION
Best & Less Wagga Wagga presents an outstanding opportunity to acquire an asset which offers defensive set and forget investment fundamentals.
Best & Less have occupied the property for 30+ years and have recently renewed a 5 year lease backed by parent company Best & Less Group Holdings Ltd (ASX:BST).
Located in the heart of the towns main street opposite the Sturt Mall Shopping Centre.
Best & Less Group (BLG) is a leading value apparel specialty retailer with an omni channel sales network comprising 249 physical stores and an online platform. BLG operates in Australia and New Zealand through its two trusted brands: Best & Less (186 stores in Australia) and Postie (63 stores in New Zealand).
For further information and inspections please contact the exclusive selling agents:
* (approximate)