Westpac/St George – ASX Listed Banking Giant Located in Thriving Sydney Retail Hub

475-477 Princes Highway , Rockdale NSW

Property Highlights

Westpac: Renewed 5 Year Lease to 2029
Thriving Southern Sydney Location
Net Income: $199,904 pa* + GST
Register to Bid

Description

Burgess Rawson is pleased to offer to market this Westpac/St George anchored investment at 475-477 Princes Highway, Rockdale NSW for sale via our Investment Auction Portfolio 167.

The property has the following key investment highlights:

+ Rare dual bank branch freehold anchored by Westpac & St George
+ Renewed 5 year net lease to Westpac to 2029
+ Westpac: top 5 ASX listed company (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $90.55b**
+ In 2008 St George became part of the Westpac group and remains one of Australia’s leading retail and business banking brands
+ Long established Westpac featuring recent high-quality fit out & newly introduced St George
+ Strategic retail hub close to Rockdale Station & national brands including Australia Post, Commonwealth Bank, Anaconda, First Choice Liquor & Supercheap Auto
+ Two first floor self-contained offices with direct street access, providing additional income
+ Easily accessed via main arterials including the Princes Highway & M1, plus close to Sydney Airport
+ Rockdale: South Sydney suburb within Bayside LGA supporting over 191,385 residents^
+ Net Income: $199,904 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: www.portfolioauctions.com.au

Please contact the exclusively appointed sales team for more information.

*Approx
**ASX: As of 26/02/2024
^forecast.id.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
391 SQM
Building Area
485 SQM

Price

Contact Agent

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights