Westpac/St George – ASX Listed Banking Giant Located in Thriving Sydney Retail Hub

Description

Burgess Rawson is pleased to offer to market this Westpac/St George anchored investment at 475-477 Princes Highway, Rockdale NSW for sale via Private Treaty.

The property has the following key investment highlights:

+ Rare dual bank branch freehold anchored by Westpac & St George
+ Renewed 5 year net lease to Westpac to 2029
+ Westpac: top 5 ASX listed company (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $90.55b**
+ In 2008 St George became part of the Westpac group and remains one of Australia’s leading retail and business banking brands
+ Long established Westpac featuring recent high-quality fit out & newly introduced St George
+ Strategic retail hub close to Rockdale Station & national brands including Australia Post, Commonwealth Bank, Anaconda, First Choice Liquor & Supercheap Auto
+ Two first floor self-contained offices with direct street access, providing additional income
+ Easily accessed via main arterials including the Princes Highway & M1, plus close to Sydney Airport
+ Rockdale: South Sydney suburb within Bayside LGA supporting over 191,385 residents^
+ Net Income: $199,904 pa* + GST

To be sold via Private Treaty.

Please contact the exclusively appointed sales team for more information.

*Approx
**ASX: As of 26/02/2024
^forecast.id.com.au

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Contact agents
Darren Beehag Partner
0411 226 223
Flynn McFall Assistant Sales Executive
0481 187 191
Enquiry Form

Rockdale, NSW

475-477 Princes Highway

For Sale by Expression of Interest

This property is part of Portfolio 167

Price: Contact Agent

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