Fully Leased Shopping Centre – Anchored by Supermarket & Liquor

Burgess Rawson are pleased to offer this affordable neighbourhood shopping centre in metro Sydney.

For sale by auction on Tuesday 23 October 2018.

FULLY LEASED SHOPPING CENTRE
Dominant retail building in Bonnet Bay – no other competing retail within 10mins drive
Internet resistant tenants – 7 from 8 Lessees are restaurants or services that are not affected by online shopping
Rare Offering – seldom does a suburban shopping centre on a large parcel of land get offered to the market at this price point

STABLE LONG-TERM TENANTS
5 tenants or 76% of the floor space have been at the centre for 10 years or more, some 15 years
Excellent income growth, retail tenants have net leases with built in annual increases protecting against inflation
Reduced landlord expenses – majority of leases provide for the recovery of outgoings

FAVOURABLE DEMOGRAPHICS + FUTURE UPSIDE
Large 2,653 sqm landholding with rear lane access, supermarket loading dock and 34 on-site parking spaces
Substantial 980sqm improvements with subdivision/development potential
Large Sutherland Shire catchment with population set to grow to 266,020 by 2036

Net income $223,100 pa + GST