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Sold on 29 Jul 2014

47-51 Chapel Street St Marys NSW 2760

  • Retail
  • 2,126 m²
  • Sold

Long Lease Until Dec. 2020 + Options 9.5% net yield

7 year lease commenced Dec. 2013 + 3 x 5 year options extending to Dec. 2035.
Sam's Warehouse, part of the Discount Superstores Group which has over 180 stores and over 3,000 employees.
Excellent presentation with full building upgrade undertaken for Sam's Warehouse in 2013, substantial tax depreciation.
Strong occupation history with current retail use at this premises for circa 20 years.
Substantial 2,126 sqm site with 3 street frontages.
Tenant pays outgoings, as per lease.
High profile position close to Australia Post and major banks.
Direct frontage to major Council car park with over 300 spaces.
Easily managed single tenant investment.
Net Income: $286,101 pa + GST.

Indicative Asking Price $3,000,000
Yield 9.5%

Offers closing 3pm Thur 3 July (unless sold prior)

Darren Beehag 0411 226 223

LJ Hooker Commercial Penrith
Dave Reardon 0412 732 432

Property Highlights

Property ID2011203193
Date Sold29 Jul 2014
Floor Area2,126 m²
Land AreaAsk Agent
ParkingAsk Agent
Last updated  7 Jul 2014
Map for 47-51 Chapel Street St Marys NSW 2760
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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