Trophy Eastwood Pharmacy Freehold | Essential Healthcare Investment with Future Flexibility

Description

CBRE is pleased to present 133 Rowe Street, Eastwood NSW, a trophy medical freehold strategically positioned within the heart of Eastwood’s thriving retail and dining precinct. Securely occupied by a long-standing essential healthcare tenant, the property presents an outstanding opportunity to acquire a tightly held freehold investment with resilient income today and long-term flexibility for the future.

The property offers the following key investment highlights:

+Trophy medical freehold investment in one of Sydney’s most tightly held metropolitan town centres
+ Leased to Mazzei’s Pharmacy, a long-standing independent pharmacy that has proudly served the Eastwood community for over 40 years
+ Defensive essential healthcare investment underpinned by a well-established pharmacy tenant providing resilient, non-discretionary income
+ Flexible investment with future potential to occupy, reposition or redevelop (STCA)
+ Attractive lease profile comprising a five (5) year lease expiring in 2028, plus one (1) five (5) year option, with fixed 3% annual rental increases
+ Three-level building comprising 428sqm* of gross building area on a 300sqm* landholding
Valuable dual street frontage with 6m* to Rowe Street and 6m* to Hillview Lane, complemented by rear lane access
+ MU1 Mixed Use zoning with a maximum building height of 15.5m*, providing long-term redevelopment and value-add potential (STCA)
+ Positioned just 240m* from Eastwood Train Station and bus interchange, providing direct rail connectivity to the Sydney CBD, Chatswood, Macquarie Park and Epping
+ Surrounded by Eastwood’s vibrant dining, retail and commercial precinct, renowned for its diverse mix of cafés, restaurants and specialty retailers
+ Directly opposite Eastwood Shopping Centre, which is set to benefit from a proposed $320 million* mixed-use redevelopment, further enhancing one of Sydney’s premier metropolitan centres
+ Located within the City of Ryde, with the population forecast to grow from approximately 135,000 in 2025 to more than 199,000 by 2036, this represents a 47.4%* increase supporting continued investment and demand in the area
+ Gross Passing Rent: $220,462 pa + GST*

For Sale by Expressions of Interest Closing Wednesday 26th August at 3pm AEST

For more information or to request access to the due diligence room, please contact the exclusive sales agents.

Approximate*

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Contact agents
Lord Darkoh Director
0434 675 724
Ray Ahsan
+61 402 270 888
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Eastwood, NSW

133 Rowe Street

For Sale by Expression of Interest

This property is part of Portfolio 186

Price: Contact Agent

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