Trophy Retail Investment with Future Development Upside Rare Inner West Gem
Irreplaceable corner landholding in Sydney,™s Inner West.
100% leased to Westpac on 10 year lease to 2021 + options to 2031.
Burwood,™s busiest corner location immediately adjcaent to train station.
3 street frontages totaling 61.6 metres plus 4 on-site car spaces.
B4 ,Mixed Use, zoning allowing future redevelopment incl. residential (STCA).
Thriving inner western hub of Sydney with Council encouraging medium density residential development with relaxed FSR,™s and surrounding 70 metre height limits (SCTA).
Attractive fixed 3% annual rental increases.
Westpac pay all outgoings as per lease incl. land tax.
Net Income: $553,443 pa + GST.
- Land area |
- 477m² approx.
- Building area |
- Tenant |
- Westpac Bank