42 Morilla Street, Lightning Ridge, NSW 2834

An exceptional freehold commercial asset in the heart of Lightning Ridge CBD, securely leased to Westpac – one of Australia’s top 5 ASX-listed banks with a market capitalisation of $108.2 billion. This substantial 1,011sqm* property boasts 20m* prime Morilla Street frontage, positioned alongside Australia Post and close to IGA Plus Liquor, ensuring high pedestrian and vehicle visibility. A brand-new 5-year net lease commenced January 2025, with fixed 3% annual increases and further options through to 2039. Westpac has maintained a strong banking presence here for over 20 years, including valuable safety deposit box facilities. Net income of $84,500* p.a. + GST with the tenant paying 100% of standard outgoings provides a low-maintenance, blue-chip investment with excellent long-term security. Located in a globally recognised opal mining hub, the property benefits from strong tourism, local economic resilience, and strategic growth projects including a $20M Australian Opal Centre and $2.6M water security upgrade.

Key Investment Highlights

• Secure blue-chip tenant: Westpac Bank – top 5 ASX-listed company

• Brand-new lease: 5 years from Jan 2025, options to 2039.

• Built-in rental growth: Fixed 3% annual increases.

• Attractive net income: $84,500* p.a. + GST, tenant pays 100% of standard outgoings.

• Prime CBD position: 1,011sqm* site with 20m frontage on main commercial thoroughfare.

• Long-standing banking presence: Over 20 years in this location.

• High-visibility location: Next to Australia Post, near IGA Plus.

• Growing regional hub: Lightning Ridge – world-famous for black opal, strong tourism & economic growth.

• Major infrastructure investment: $20M Australian Opal Centre & $2.6M Water Security Project.

Contact the exclusive agents Simon Scholes (0474 783 951) or Joe Burgun (0418 649 871) at Raine & Horne Commercial Dubbo today to request further information.

*Approx.