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289 Old Northern Road Castle Hill NSW 2154

  • Shop & Retail
  • 610 m²
  • For Sale, Contact Agent

PRIME RETAIL ASSET | ONCE IN A LIFETIME OPPORUNITY

    First National Commercial Hills Central is proud to offer "The Village Court Arcade", 289 Old Northern Road, Castle Hill for sale by way of Public Auction.

    The Village Court Arcade is truly a rare piece of retail history in the heart of the Castle Hill CBD. This free-standing multi-tenanted retail asset is located within Castle Hill's most desirable location, directly opposite Castle Hill's retail and entertainment powerhouse, Castle Towers.

    Castle Towers recently added its metro mall costing $180M, incorporating a vibrant fresh food marketplace plus the major rejuvenation of "The Piazza" dining precinct and central atrium.

    This amazing opportunity is located directly opposite "The Piazza" and is easily accessible via a crosswalk into the arcade through to Castle Mall Shopping Centre, a major shopping space, which includes more than 30 specialty retail stores and home to Castle Hills longest running and largest Medical Facility, Castle Hill Medical Centre.

    This premium investment opportunity includes a total of 10 ground floor shops, a kiosk plus a first-floor office. Two shops enjoy direct exposure to Old Northern Road and The Piazza. Proven to be popular with its exceptionally low vacancy rates, the tenancy mix includes a Newsagency, Chinese dumpling bar, café, nail bars, hair and beauty salons, barbers, and a music school. The arcade enjoys abundant foot traffic seven days a week.

    Key attributes
    - Net income $578,700 pa net (excluding GST)
    - Building size 609.50sq m (10 shops + 1 office)
    - Land 790 sq m
    - Development potential (B4 zoning, Height level 45m. FSR 2.7:1) STCA
    - Prime location, adjoining two major retail centres
    - 23 basement car spaces

    An outstanding opportunity to own a prime piece of real estate in the epicentre of the Castle Hill CBD and to become a pivotal player amongst the mix of major retail assets and future developments - DON'T MISS THIS!

    Contact lead commercial agent Simon Russo for further details.

    DISCLAIMER: All descriptions, sizes pricing and references contained in this advertisement are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves within other formal documentation and where necessary seek advice

    Simon Russo
    First National Commercial - Hills Central
    Simon Russo
    First National Commercial - Hills Central

    Property Highlights

    Property ID2017359836
    Floor Area610 m²
    Land AreaAsk Agent
    Parking23 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 Oct 2021
    Map for 289 Old Northern Road Castle Hill NSW 2154
    Map for 289 Old Northern Road Castle Hill NSW 2154289 Old Northern Road Castle Hill NSW 2154
    Simon Russo
    First National Commercial - Hills Central
    Simon Russo
    First National Commercial - Hills Central

    Property Highlights

    Property ID2017359836
    Floor Area610 m²
    Land AreaAsk Agent
    Parking23 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 Oct 2021
    First National Commercial - Hills Central
    Suite 1/19-21 Terminus St Castle Hill NSW 2154
    Simon Russo
    First National Commercial - Hills Central
    Simon Russo
    First National Commercial - Hills Central
    Simon Russo

    Simon Russo

    First National Commercial - Hills Central

    0414 *** ***
    0414678632

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