Belle Property Commercial Inner West are delighted to offer this freehold investment at 2 Richardson Road Narellan, occupied by G8 Education an ASX listed Childcare provider. The property sits on a commanding corner position at the intersection of Richardson Road and Camden Valley Way. Providing a secure income stream and various immediate upside opportunities to the astute investor.
The property sits on a commanding corner position at the intersection of Richardson and Camden Valley Way, Narellan, and provides the opportunity of future development upside with a 1500 sqm vacant portion of land fronting this prominent intersection. Such a large portion of land could be immediately utelised for residential, medical consulting, extending the current childcare offering or land banked for future use.
KEY FEATURES
DESIRABLE SYDNEY GROWTH CORRIDOR
$318,753.48 + GST CURRENT NET RENTAL (Subject to CPI increase Dec 17)**
LARGE 6445 SQM SITE
10 YEAR LEASE EXPIRING 2018 + 10 YEAR OPTION
LEASED TO ASX LISTED G8 CHILDCARE
TENANT PAYS ALL OUTGOINGS
DEVELOPMENT POTENTIAL*
AUCTION: 14TH NOVEMBER 2017
Auction Venue: MEZZANINE LEVEL 50 MARGARET STREET SYDNEY NSW 2000
* subject to council approval
**rental increase subject to CPI Dec 2017
