335 Mona Vale Road, TERREY HILLS NSW 2084
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- 7 Nov 2016
RARE INFRASTRUCTURE INVESTMENT
CI Australia is delighted to offer the Forest Coach Lines Bus Depot, 335 Mona Vale Road, Terrey Hills, NSW 2084 for sale via Expressions of Interest, closing 5pm, Thursday 8th September, 2016.
The sale of 335 Mona Vale Road represents a rare opportunity to acquire a strategic transport infrastructure asset with future land use change potential.
Forest Coach Lines has operated a bus service in Sydney’s Northern Suburbs since the 1930’s. The Bus Depot at 335 Mona Vale Road, Terrey Hills has been in operation by Forest Coach Lines since 1978.
This annuity style investment features a lease over the majority of the property to Forest Coach Lines until September 2022 with multiple option periods providing tenure until 2042.
Key Investment Considerations
• Site Area 1.7 Ha (approx.)
• A substantial, dual frontage bus depot facility with a modern multi-let commercial building
• 5.7 year WALE by Income as at 1 October 2016
• Growth Area – close to the new Northern Beaches Hospital (under construction) and Ingleside 636 Ha residential land release area
For further information contact the exclusive agent, CI Australia
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
335 Mona Vale Road TERREY HILLS