Gunning is pleased to present for sale via Public Auction this prominent freestanding building on a large block of land stretching over two street frontages. This trophy, multi-tenanted investment is currently configured with two ground floor shops & four small first floor offices as well as a large car park at the rear.
This asset not only boasts 100% occupancy but also features an excellent tenancy mix with the ground floor shops featuring an Optometrist & a Gift Store, with the first floor featuring a mix of two Solicitors offices, an Accounting office and a Tuition/Education office.
The property boasts a fantastic Forest Road retail position, circa 150m from the Park Road Entrance to Westfields & within close proximity to Hurstville Central Shopping Centre & Hurstville Train Station. Supported also by other strong surrounding infrastructure and great surrounding amenities such as a private hospital, good schools, cafes and restaurants, all aiding in the strong customer foot traffic the property experiences.
Investors can benefit in the short to medium term from a strong income stream from established tenants with a larger bonus to be gained in the medium to longer term from the future development potential of the site.
- Land area: 404.71sqm
- Combined Net Lettable Areas: 341sqm*
- 12 allocated car spaces*
- 100% occupancy - six (6) separate tenancies
- Gross income: $216,973.08 pa + GST
- Large frontage onto Forest Road
- Strong foot traffic area with excellent signage
- Future development upside (Subject to Council Approval)
Please CLICK the 'Virtual Tour' link to view the interactive site plan, and/or see below:
Date: Thursday 11th April 2019
Time: 5:45pm registration for 6pm commencement
Venue: Gunning Real Estate's Hurstville Office – Suite 181, Level 8, 10 Park Road, Hurstville
For more information or to inspect the property, please contact our Hurstville Office on 02 9698 0222 or:
P: 0413 872 422
P: 0423 048 814
For more details, please email agent