BURWOOD, Shop 104 & 110/3 Railway Parade



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.

WeChat RhysJohnDonnellan

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

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.

 
Listing ID: 5374910
Total Area: 510 sqm approx
Price: 6% NET $2,650,000
Return 6
Car Parking: Three car spaces

clearpoint.com.au/5374910


Rhys Donnellan

0418 486 709
2102.20532@leaddrop.rexsoftware.com



Diana Raice
0488 022 122
2102.23611@leaddrop.rexsoftware.com