HIGH RETURN INVESTMENT - LONG LEASE TO NATIONAL BRAND
- Net return $158,564 + GST p.a
- Leased since 2012 & options to 2032
- Bidders Guide $2.5M
Auction Location: Online + In-Rooms @ Auctionworks, Mezzanine Level, 50 Margaret St, Sydney.
Clearpoint presents Shops 104 & 110, 3 Railway Parade, Burwood for sale by Public Auction on Tuesday 4th August 2020.
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.
### Bidders Guide $2.5M ### Make no mistake, this property will be sold ###
See link for detailed 360' Matterport Virtual Inspection and 3D floorplan.
Call or message for full details including an Information Memorandum and auction registration online or to attend in person.
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.
10:00AM | Tuesday, 04 August 2020
Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.