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
+ 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 Public Auction.
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