Ray White Commercial proudly presents this unique opportunity to secure the iconic property leased to Pompeo's Restaurant in the Jackson Court precinct.
The property has been leased to Pompeo's Restaurant for in excess of 40 years and currently on a three (3) year lease with three further option terms. The building has recently undergone renovations to provide a fresh look and added value for the next owner.
The property features:
• Lease | Three (3) Years
• Options | Three (3) Years + Three (3) Years + Three (3) years
• Return | $48,000 pa net approximately
• Reviews | CPI
• Building area | 176.9m2 approximately
• Land area | 201m2 approximately
• Zoning | Commercial 1
• Rear laneway access
Jackson Court is an established retail strip, known as Jackson Court Shopping Centre, wholly populated by commercial properties. Due to the dense surrounding residential catchments, it is a well-serviced and vibrant retail district with a large central car park for customers.
Retail tenancies within the centre comprise of anchoring tenant, Dan Murphy's, a pharmacy, bakeries, hair-dressers, banks as well as a number of restaurants and cafes. Future prospects with the adjacent site on Mitchel Street being sold for further mixed use development including ALDI and 69 apartments will only add to what is already an Iconic retail strip. Furthermore the property is in close proximity to the following facilities: - Easy access to the Eastern Freeway/Eastlink, located approximately 1.5 kilometres, with extensive bus services within the surrounding area; and close to various large parks and reserve.
Properties of this calibre are a rarity in today's market with record low interest rates and strong demand for prime investments with future growth and potential.
