CBRE, as the exclusive sales agent, are pleased to present 1082 Botany Road Botany. This property is a two-storey freehold building occupying a prominent position on Botany Road.
1082 botany Road offers a generous 982sqm* land offering just 50m* from Botany shopping district. Positioned next door to Botany Public School, the property benefits from a convenient location and access to major roads such as the Eastern Distributor and Qantas Drive.
The property offers a secure investment, underpinned by a lease to Hippo's Friends Childcare centre, who has occupied the building for the past 26 years. A new 10 year lease with fixed increases has commenced, with all of the outgoings being paid by the tenant. With B2 Local Centre zoning, 2:1 F.S.R and a 14m height limit governing the site, the property also benefits from future development upside (STCA).
The property benefits from the following key attributes:
- Brand new 10-year net lease to Hippo's & Friends Childcare Centre
- Net Income $250,000*
- Tenant pays all outgoings including land tax, water rates, council rates and property management fees
- Fixed annual increases
- 982m²* site area
- 50m* from Botany Shops
- High exposure corner position benefiting from high foot and vehicular traffic
- B2 Local Centre zoning and 14m height limit, allowing for future development potential (STCA)
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
William Gathercole
0403 619 757
william.gathercole@cbre.com.au
Nick Zenonos
0438 112 626
nick.zenonos@cbre.com
*Approximate
Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.