Lot 83/7 Cross Street Bankstown NSW 2200

On behalf of receivers and managers appointed HLB Mann Judd, Colliers is pleased to present for sale Lot 83/7 Cross Street, Bankstown, a secure ground floor strata retail restaurant on an attractive corner position to Cross Street & Stanley Street currently leased to an Italian restaurant.

Investment Highlights:

• Attractive restaurant premises on a prominent corner position to Cross Street & Stanley Street.
• Fully leased to La Pizza with 5-year lease to Dec 2025 plus option until 2030.
• 266m2* lettable area plus 3 car spaces
• Fully equipped with commercial kitchen, bar, dining areas, cool room, grease trap, exhaust & air-conditioning with exclusive use to 153m2* of 3 storage areas and retail.
• Current Gross Passing Income - $92,881.80 per annum* + GST (Dec-23)
• Value-add to further increase income at market review and future owner-occupier opportunity.
• 600m* from Bankstown Railway Station and moments to Bankstown Central Shopping Centre and newly built Western Sydney University.
• Canterbury-Bankstown LGA is expected to house 463,311 residents by 2036 which will be the second largest LGA in Sydney.

Lot 83/7 Cross Street, Bankstown will be for sale via Public Auction on Thursday 20th June 2024 at Cooleys Auction Centre, Level 5/1 Margaret Street, Sydney NSW 2000.

For more information or to arrange an inspection, please contact the exclusive selling agents today.

*approx.