Happy Hour In Sydney:
Top Shelf Dan Murphy’s Lists For Sale
A freestanding Dan Murphy’s investment in the heart of Gladesville is set to quench buyers’ thirst for prime investments in the area, with the property heading to Burgess Rawson Sydney’s final Portfolio Auction of the year on December 8.
The 1,344 sqm property occupies a large 1,721 sqm parcel of prime corner-fronted land on Victoria Road just 11km from Sydney’s CBD in idyllic proximity to fast-food giants McDonalds, KFC and Subway.
Popular liquor retailer, Dan Murphy’s, secure the site on a 15-year lease to 2030 including truly rare options extending a further 40 years to 2070 – a huge investor drawcard.
According to Burgess Rawson Sydney selling agent Darren Beehag, the property’s position in an affluent growth area amongst multi-story residential developments presents an incredibly rare opportunity for thirsty investors.
“Dan Murphy’s investments are not listed to market often, particularly one of this calibre that is located in metropolitan Sydney in the well-regarded suburb of Gladesville, a stone’s throw away from Sydney Harbour,” Mr Beehag said.
“Located on the homeward bound roadside from the CBD, the property features convenient on-site parking for 38 cars where more than 46,000 vehicles pass every day.”
Returning a net income of $410,184 per annum plus GST, Burgess Rawson Director and selling agent Simon Staddon added the secure cash flow and strong tenant will also drive investor interest to the site.
“Household name tenants such as Dan Murphy’s rarely leave,” Mr Staddon added.
“A significant financial investment is made up front for the shop fit-out and these types of brands are eager to establish themselves as the go-to local watering hole.
“As Australia’s most well-known liquor retailer, this ‘set and forget’ investment is considered an essential service asset class and has performed exceptionally well during 2020, which is why we anticipate a hive of interest when it heads under the hammer.”
The 328-332 Victoria Road asset in Gladesville will be selling at Burgess Rawson’s final Flagship Portfolio Auction of the year from 11:00am AEDT on Tuesday 8 December at Sydney’s iconic Opera House.
For more information on this property contact Darren Beehag 0411 226 223