High Yielding Foodworks Anchored Shopping Centre Value-Add Opportunities

56 boyd street, kelso nsw

Price: Contact Agent

  • 8 retail shops + 39 car spaces
  • Foodworks -5 year lease + option
  • Massive 4,933sqm corner site

Property Details

For Sale by Deadline Private Treaty
Closing 4pm Thursday 2 August 2018

Anchor tenant Foodworks on a 5 years lease to 2020 + option to 2025
FoodWorks: group boasts close to 650 Supermarkets nationwide and $2 billion in annual sales
8 retail shops totaling 899 sqm plus 39 car spaces
Massive corner landholding circa 4,933 sqm with development potential (STCA)
Highly exposed site with triple street frontage totalling 200 m
Previous DA approval for five additional shops
Future value add upside, with potential to reposition tenancy profile
Kelso which forms part of the Bathurst Regional population, is forecast to grow 22% by 2036
Affordable neighbourhood shopping centre price bracket
Majority of outgoings are recoverable from the tenants

Estimated Net Income: $145,537 pa + GST

Featured Details

Current Tenant Tenanted
Gross Building Area 899 sqm
Land Size 4,933 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003314

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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