For Sale


Burwood 3 Railway Parade

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

  • Net return $158,564 + GST p.a
  • Leased since 2012 & options to 2032
  • 6% net return @ $2.65M

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.

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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.

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.


KEY INFORMATION

For Sale
Property ID: 5374910
Total Area: 510 sqm Approx.
Sale Price: 6% NET $2,650,000

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CONTACT DETAILS

Rhys  Donnellan



Diana  Raice