39 The Centre, FORESTVILLE NSW 2087
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- 17 Oct 2016
PREMIUM INVESTMENT – Prime Retail with National Branded Tenant
Colliers International are pleased to present 39 The Centre, Forestville for sale via the Colliers International National Auction Portfolio. This outstanding freehold retail asset offers the astute investor a high quality building in a prime location with an ultra-secure covenant and genuine future growth potential.
Key features include:
• Holding prime position in ‘The Centre’, Forestville’s main retail hub
• Double freehold block of 366sqm provides expansive frontage to retail strip
• ‘The Centre’ is anchored by Coles supermarket and is supported by many national tenants, cafes and specialties
• Leased to award-winning Jetts Fitness on a long 7+7+7 lease with attractive terms, gross income of $166,000 per annum, low outgoing costs
• Genuine potential for significant rental growth in the future, showing a current discount compared to neighbouring properties
• Long term development upside with current zoning allowing for mixed use development incorporating shop top housing
• Recent major services upgrades including new roof and air-conditioning system, low future capital expenditure
• Major infrastructure projects underway in the immediate area, including construction of the Northern Beaches Hospital
• Forestville is a highly sought after residential area, driving retail spending in the precinct
• Multiple council cark parks offer visitors ease in shopping
• Footsteps to many local amenity and transport to beaches, Chatswood and CBD
For sale by public auction on Wednesday 9th November, commencing at 10:30 am.
For further information on this exciting opportunity please contact exclusive agents.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
- Colliers International, 10:30am
09/11/2016 00:00:00 Add to Calendar
39 The Centre FORESTVILLE