First time offered to the market in 40 years is this extremely rare three shops in one line within a prized location. The land area of 151m²* provides an existing concrete and brick building with undercover parking and backs onto a public car park.
• 3 separate shops
• Undercover parking
• Grease traps
• Rental income of $80,028.24 pa gross + GST
• Long-standing tenants
• Zoned B2 - Local Centre
• Floor space ratio of 2:1
• 15m building height limit
• Value add opportunity
• Side public laneway to Council parking provides ultra-convenience
• Opposite Penshurst Hotel
• Moments from Penshurst Train Station
• Short drive to Hurstville CBD
This opportunity is ideal for the astute investor looking for a multi-tenanted investment along with potential upside.
Take comfort in a multi-tenanted investment and diversify in a low interest rate market.
Contact Hayden Bennett on 0477 665 455 or Damen Astey on 0431 817 616 for more information or to arrange an inspection today!
Open for Inspection
2:00 to 2:30pm on Thursday’s
15th, 22nd & 29th August & 5th & 12th September 2019
6:00pm 12th September 2019
2 Crofts Avenue
Hurstville NSW 2220
For more details, please email agent