Raine & Horne Commercial Parramatta is pleased to present this freestanding three (3) storey mixed-use retail and commercial office building anchored by The Salvation Army NSW Property Trust.
Located in the premium retail strip of Mount Druitt central business district the property is fronting sought after Dawson Mall, being a high foot traffic thoroughfare connecting Mount Druitt Railway Station (50m) to the Westfield Shopping Centre (75m) and Library (100m). The property is well positioned in close proximity to NSW Tafe (250m), Mount Druitt Court House (200m), Mount Druitt Hospital (700m) to name a few highlights.
Extensively refurbished in 2020 works included:
• Completion of New Lift Well & Lift Access to Upper Floors
• Level 1 & 2 Fully Refurbished to a Modern Office Standard including new carpet, ceiling grid and lighting
• Level 1 & 2 Refurbished Common Toilet & Kitchen Amenities
• Level 1 & 2 New Disable Toilet Amenity
• Brand New A/C Plant & Equipment
• Ground floor space has been newly refurbished and includes roller door access (via Cleeve Close)
Property features:
• Building Area: 1,440 sqm*.
• Total Net Lettable Area: 1,234 sqm*.
• Retail Area: 33% (NLA).
• Office Area: 67% (NLA).
• Current Gross Passing Income of $430,540.00 Excluding GST
• Anchored by The Salvation Army NSW Property Trust until 2030, Nova Employment Services, Syd West Multicultural Services & Conics Education.
• Weighted Average Lease Expiry by Area = 4.2yrs*.
• Attractive Low Building Outgoings.
• The property features dual access via Dawson Mall & Cleeve Close.
• $3.5 Million Dawson Mall upgrades already underway as part of NSW governments 2041 Strategic planning for Mount Druitt CBD.
• Blacktown City Council LGA is forecast to increase in population by 2041 of 46.51% or 225,481 people. (source: .id)
Take advantage of a strong tenancy profile with the security of multiple income streams provided in a low maintenance commercial asset.
Call the exclusive agents now for an immediate inspection or to get more information on this rare investment sale opportunity.
(*approx)
Disclaimer: Raine & Horne Commercial Parramatta advise the information displayed in this advertisement has been received through a third party. We have used our best endeavours to ensure the information contained in this advertisement is accurate and true however we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements which may be contained. Interested parties are urged to make independent enquiries to verify any information detailed or not stated in this advertisement.
