Shop 104 & 110 / 3 Railway Parade
Burwood NSW 2134
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6% NET $2,650,000

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Description

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

6% NET RETURN # NET INCOME $158,564 + GST # TENANT PAYS ALL OUTGOINGS

STRONG LEASE TO NATIONAL BRAND WITH OPTIONS TO 2032 # SIGNIFICANT JUNE 2020 REINVESTMENT IN FITOUT BY LONG TERM TENANT

510SQM ON TITLE FOR SALE @ $5,200/SQM

Offering 459sqm of strata 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.

Highly flexible B4 Zoning suitable Medical Centre, Childcare, Gym, Showroom and Retail Uses.

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

Auction

Tuesday 4th August 2020
10:00am - 11:00am

Agent Details

Agency Details

Contact Us

location 41 Hume Street Crows Nest NSW 2065 Australia
phone 1300 325 3... 1300 325 327
fax 1300 325 3... 1300 325 329
email email us

Key Details

property ID 7469985
council rates $9,534

Media

Gallery
Virtual tour
External link
Floor plans

Documents

Features

  • Accessible Toilet
  • Air Conditioning

Location

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