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6% NET RETURN # LONG LEASE TO NATIONAL BRAND # 510SQM ON ...

Shop 104 & 110/3 Railway Parade, BURWOOD NSW, 2134

For Sale

Property for Sale in Shop 104 & 110/3 Railway Parade, BURWOOD NSW, 2134

Listing ID:
11388871
Status:
Active
For:
Sale
Price:
6% NET @ $2,650,000
Last Updated:
05/08/2020
Icon building

Property Type

Retail/Medical/Consulting/Offices
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Land Area

N/A
Icon size

Floor Area

510 SQM
Icon parking

Parking

3

6% NET RETURN # LONG LEASE TO NATIONAL BRAND # 510SQM ON TITLE @ $5,200/SQM

Auction Location: Online + In-Rooms @ Auctionworks, Mezzanine Level, 50 Margaret St, Sydney.

6% NET RETURN # NET INCOME $158,564 + GST # TENANT PAYS ALL OUTGOINGS # STRONG LEASE WITH OPTIONS TO 2032 # SIGNIFICANT JUNE 2020 REINVESTMENT IN FITOUT BY LONG TERM TENANT # LONG LEASE TO NATIONAL BRAND # 510SQM ON TITLE @ $5,200/SQM

Offering 459sqm of retail and mezzanine space with wide frontage and excellent street exposure plus 3 car spaces, for a total of 510sqm across two titles.

Returning $158,564 + GST net per annum with the tenant also paying 100% of outgoings, for a total income of $175,314 + GST on a 5 year lease to 16 November 2022 with two further options of 5 years each to 2032.

Securely leased to Anytime Fitness since 2012. Brand new tenant refurbishment fit out completed 1 July 2020.

Prime location across from Burwood Plaza and steps from Burwood Railway Station.

See link for detailed 360' Matterport Virtual Inspection and 3D floorplan.

Call or message for full details including an Information Memorandum and Contract for Sale.

WeChat RhysJohnDonnellan

Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

For more details, please email agent

Clearpoint

41 Hume Street, Crows Nest, NSW 2065


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