Rare Mixed Use Freehold Investment
Description
CBRE are pleased to present 1391 Botany Road, Botany, a rare mixed-use freehold investment opportunity in the tightly held South Sydney market.
The property has the following key highlights:
+ Fully leased mixed-use freehold comprising of ground floor retail leased to Grilledmen Chicken, plus two residential units upstairs each have their own separate entrances
+ Recent 5 + 5 year lease providing secure income stream
+ Highly desirable fixed 4% annual rent increases ensuring long term compounding rental growth
+ Versatile E1 Local Centre zoning, 14m height limit & 2:1 FSR
+ Rare dual street frontage maximising exposure and future development flexibility
+ High exposure position along Botany Road, set amongst a wide range of residential developments, businesses and employment hubs ensuring a lively, bustling setting
+ Close proximity to Westfield Eastgardens, one of Sydney’s largest shopping centers, anchored by Myer, David Jones, Coles, Woolworths and over 200 specialty retailers
+ Benefitting from proximity to lifestyle-focused amenity including golf clubs, beaches, parks and shopping centers, in addition to Sydney International Airport
+ Supermarket Giant Woolworths have expressed their desire to invest in Botany with a proposed large-scale, mixed-use 8,570sqm* development 850 meters* from 1391 Botany Road
+ Bayside Council: GRP of $17.63b and a population set to soar 15% by 2046 to 217,000ยน
Net Income: $128,321 pa* + GST
For Sale Via Expressions of Interest Closing 3pm AEST Thursday 28th of May
For more information or to request access to the due diligence room, please contact the exclusively appointed sales team.
1 profile.id
*Approximate.
Subject to Council Approval (STCA).
Enquire
Contact agents
Jake Hatch Negotiator
0488 221 100
James Dow Negotiator
+61 459 161 397Enquiry Form
Botany, NSW
1391 Botany Road