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416-418 Forest Road Bexley NSW 2207

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

Fully Leased Freehold Retail Investment with Dual Street Access

    CPG are pleased to present to market for sale this incredibly well presented and recently renovated freehold retail and commercial investment with both current, and future development upside.

    Located on the busy Forest Road, the property boasts immense exposure for a large retail tenancy (currently Bendigo Bank), whilst also having rear street frontage and access via Albyn Street, providing entry to another 6 commercial tenancies and a 3 bedroom residence combining to generate a substantial multiple tenancy rental income.

    416-418 Forest Road is 100m* from Albyn Street Council carpark and is in the middle of Bexley town centre, which has recently had a substantial council upgrade to visually improve the area. A large number of new developments in the area and multiple large scale DA approvals for mixed use developments, highlighting the growth location that Bexley is becoming.

    Features include:
    - 429m²* total land area (double block)
    - 513m²* building area
    - Multi tenant rental income fully leased returning $138,716 pa. + GST
    - Anchor tenant Bendigo Bank have recently exercised 3 year option commencing July 2022
    - High exposure and dual street access/frontage
    - B4: Mixed Use zoning
    - 16m building height limit with 2:1 FSR
    - Potential to develop additional 4 levels (STCA)
    - Recent $200,000 renovation including modernised commercial suites and upgraded common kitchen facilities, amenities and façade
    - Solar panels on roof

    For further information on this opportunity please contact agents Ryan McMahon on 0429 228 460 or Damen Astey on 0431 817 616.

    Open for inspection by private appointment

    *Approximate

    Property Highlights

    Floor Area513 m²
    Land Area429 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017552636
    Category
    Last updated  9 Jun 2022
    Map for 416-418 Forest Road Bexley NSW 2207

    Property Highlights

    Floor Area513 m²
    Land Area429 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017552636
    Category
    Last updated  9 Jun 2022
    239 Rocky Point Road Ramsgate NSW 2217
    Ryan McMahon
    Ryan McMahon
    Commercial Property Group - Bennett
    Damen Astey
    Damen Astey
    Commercial Property Group - Bennett

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