CBRE is pleased to offer to the market 11-13 Babbage Road, Roseville (Sydney) NSW, a prized corner freehold anchored by Simplicity Funerals, for sale by Investment Portfolio Auction.

The property has the following key investment highlights:

+ Prized corner freehold with triple street frontage, occupying a prominent position on the Babbage Road retail village
+ Land rich 242sqm* landholding with secure on-site parking
+ Simplicity Funerals, a leading national funeral brand and part of InvoCare, Australia’s largest funeral operator with 290 plus locations, acquired by global investment firm TPG for approximately $1.8 billion
+ Established national tenant with 10 plus years on-site
+ Diefes Brass, a highly rated musical instrument repair specialist, leased to 2030 plus option
+ Diversified income stream with strong rental reversion and attractive mix of 3% and CPI rent reviews
+ Flexible value-add opportunity via rental reversion, refurbishment or redevelopment (STCA)
+ Positioned in an established neighbourhood retail precinct opposite the council car park, alongside Millers Pharmacy and a run of long-standing retail and professional tenants
+ High passing traffic on a key arterial route linking the Pacific Highway to Roseville Bridge, moments from Roseville train station and the Pacific Highway retail strip
+ Roseville sits within Ku-ring-gai Council, an affluent North Shore local government area with a population of 128,362* and a GRP of $8.73 billion*
+ Net Income: $80,555 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST
Tuesday 15 September
Sydney Opera House

*Approximate ^Subject to council approval