CBRE and Retail Projex is proud to present to the market Outdoor Elegance, located at 201 The Entrance Road, Erina (Central Coast) NSW, for sale via Investment Portfolio Auction 188.

The property has the following key investment highlights:

+ Brand new six (6) year net lease to 2032 plus 2 further six (6) year options to 2044
+ Elegance Outdoor: Australian owned outdoor furniture retailer with 20+ years of experience and 11 showrooms nationwide
+ Annual CPI rental reviews capped at 4%
+ Landlord friendly net lease terms with the tenant responsible for all usual outgoings including council rates, water rates, insurances and land tax (single holding basis), as per lease
+ Important longstanding occupancy, operating at location since 2013
+ Large 1,917sqm* high exposure highway freehold, improved by a substantial multi-level large format retail premises
+ Located within Erina’s core commercial precinct, surrounded by complementary retail and service-based operators
+ Strategic highway location along The Entrance Road, Erina’s main highway thoroughfare, surrounded by blue-chip national tenants including Bunnings Warehouse, Petbarn, Red Rooster, GYG and Dan Murphy’s
+ Erina: part of the booming Central Coast Council, with a growing population of 354,803 and a lucrative economy producing a GRP of $20.8 billion
+ Net Income: $380,000 pa* + GST

To be sold via Investment Portfolio Auction
10:30am AEST Tuesday 27 October
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approximate