SOLD
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SOLD

Premium Eastern Suburbs Retail Investment

125 Bronte Road , Bondi Junction NSW

Property Highlights

Jaycar Electronics: National Tenant

DA approval residential boarding

Prime corner site

Description

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
424 SQM
Gross Building Area
333 SQM

Contact Agents

Dean Venturato

+610 412 840222

Tom Doran

0407 928 324

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