Premium Eastern Suburbs Retail Investment

Auction 11am AEDT Tuesday 23 October 2018, Sydney

Renewed 5 year lease to Jaycar Electronics until 30 April 2022, in occupation since 2006
Jaycar: strong national retail and online brand established in 1981 with 100+ stores in Australia & NZ
R3 Medium Density zoning – recent DA approval for a four level boarding house with 21 studio apartments
Powerful retail corner building with huge exposure to 3 street frontages
Site area of 423.7 sqm with 333 sqm of building area
Valuable on site parking with rear lane loading access
Bondi Junction: affluent Eastern Suburbs retail + commercial hub and family median income 36.3% above state average
Net lease with tenant paying 100% of all outgoings, as per lease
Fixed 3.5% increases annually
Ideal long term hold investment with future alternative opportunity to take advantage of DA approved resi development

Net Income: $217,350 pa + GST