Colliers International are pleased to exclusively offer For Sale by way of Public Auction, a strip retail investment with significant development upside located at 31A-37 Selems Parade, Revesby. The property, entailing seven retail shop fronts, is part of the Central Revesby precinct and is located in the heart of Revesby local retail shopping precinct with high foot traffic, strategically positioned in close proximity to the train station and amenities.
This rare land holding in the tightly held commercial precinct of Revesby boasts popular local and national brands such as Pizza Hut, Villaggio Bar Café, Dough Boss and Stumpys Burgers. The property presents a golden outlook for investors, developers and astute buyers to capitalise on several upside and value-add opportunities such as a mixed-use development, rental reversion or future lot sell down.
Investment highlights:
- 100% leased investment across seven shops and six separate tenancies
- Gross rental income of $383,590 per annum*
- Demolition clauses incorporated across all leases for future development upside (STCA)
- Fixed annual increases for several leases at 4%
- Significant land holding of 1,872sqm*
- WALE by income of 3.96 years as at 1 April 2019
- Mixture of tenants presents security of income and low investment risk
- Holding income with development upside
- Mixture of Freehold and Strata Units across eight lots benefiting for future lot sell-down
31A-37 Selems Parade, Revesby is being offered for sale by way of Public Auction on:
Wednesday, 1st May 2019 at 10:30am (AEST)
Colliers International Head Office
Level 30, 225 George Street, Sydney NSW 2000
For more information and a copy of the Information Memorandum, please contact one of the below exclusive selling agents.
