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Sold on 27 Aug 2019

32 Banksia Road Caringbah NSW 2229

  • Hotel / Leisure
  • 3,072 m²
  • Sold

ICONIC FREEHOLD INVESTMENT - Highfield Caringbah

Ray White Commercial NSW - Sydney City Fringe are delighted to offer 32 Banksia Rd Caringbah "Highfield" for sale by International Expressions of Interest.

Located on the Northern side of the Kingsway, with street frontage to Mackay Street, Banksia Road and Hay Lane. 150 meters to Caringbah shopping centre, train station and short drive to the famous Cronulla Beach, approximately 27kms south of Sydney's CBD.

Key highlights include:-

• Secure 15 year lease to the Feros Hotel Group plus options with ratchet clause in favour of the lessor
• Feros Hotel Group in 2017 carried out approximately $12 million in major capital works and fit-out
• Trophy 3 storey building with multiple income streams associated with Feros Hotel Group
• Includes - Ugly Pizza, Huxley's, Public House and The Botanical. Sports TAB and gaming
• Net passing income $600,886* plus GST with all outgoings paid by the The Feros Group
• North facing, impressive rooftop dinning terrace with views to Georges River, Botany Bay and Sydneys iconic CBD skyline
• Site area 1,024 m2* with gross building area of 3,072 m2*
• Zoned: B3 Commercial Core, FSR: 2.5:1 and Height of Building: 30 metres
• Premises include gaming room with 20 poker machines all within a smoking solution.
• Future upside and development potential to add hotel room accommodation and additional roof top bar (STCA)

32 Banksia Road, Caringbah is offered for sale via international expressions of interest, strictly closing Thursday 22nd August at 4pm.

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

Justin Rose
Partner
Ray White Commercial NSW - Sydney City Fringe
0410 008 887
02 9660 1717
justin.rose@raywhite.com

Kristian Morris
Principal & Licensee In Charge
Ray White Commercial NSW - Sydney City Fringe
0411 415 297
02 9660 1717
kristian.morris@raywhite.com

Property Highlights

Property ID2015468680
Date Sold27 Aug 2019
Floor Area3,072 m²
Land Area1,024 m²
ParkingAsk Agent
Category
Last updated  25 Sep 2019
Map for 32 Banksia Road Caringbah NSW 2229
Ray White Commercial NSW - Sydney City Fringe
Ground Floor Suite 9/198-206 St Johns Road Glebe NSW 2037

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