Setting the standard for new retail and commercial development in Drummoyne, The Odeon is located at the hub of Drummoyne’s retail centre, adjacent to extensive parking and excellent bus transport and with high visibility to vehicle and pedestrian traffic. This 62sqm ground floor retail or office suite fronting on to Lyons Road is currently leased to an established and successful hospitality operator, trading as Krema cafe, with 8 years remaining on the lease.
+ 62sqm ground floor retail premises with floor-to-ceiling glass frontage to Lyons Road, bi-fold doors, tiled floor and high ceilings with halogen down lights
+ Currently fitted out with café servery and cooking equipment
+ Leased on a 10-year term to 31 October 2019 with a 10-year option
+ Annual rental return of $56,250 with ALL outgoings paid by lessee
+ Annual rental increases of 4% per annum, with market review on 1 November 2014 and at exercise of option in 2019
+ "Krema" has become established as a popular café in the Drummoyne area, attracting plenty of regular clients and drop-in trade
+ High quality tenants within this successful mixed-use development include Subway, Nando’s, and service businesses
+ Adjacent retail properties include Franklins and fresh food shops, which attract high levels of pedestrian shopping activity
+ 14sqm parking space on title in underground security parking area
+ A central arcade runs through the building to the Council car park on Marlborough Street, providing over 65 public car spaces
+ A rare opportunity in the current Sydney retail market to buy a quality property with an experienced and established tenant, guaranteed rental returns and excellent capital growth potential
