FULLY LEASED, MULTI-TENANTED FREEHOLD INVESTMENT WITH VALUE-ADD POTENTIAL
Net Income: $70,909.33*
Retail + 3x1 Residential Apartments
Significant Rental Reversion Potential
CBRE as the exclusive selling agent is pleased to present 472 Railway Parade, Allawah to the market.
The offering comprises a fully leased multi-tenanted investment opportunity with exceptional signage exposure and the ability for significant rental reversion.
472 Railway Parade, Allawah benefits from the following key features:
Multi-tenanted freehold comprising one retail tenant and three, one-bedroom residential apartments Retail premises leased to Barakah Kebab House returning an under rented annual income of $16,068* with 3% fixed annual reviews and three-year option. Significant rental reversion opportunities allowing the potential to bring rental figures back to market values at approximately $104,871.43 gross per annum Exceptional signage exposure along Railway Parade and positioned directly opposite Allawah Train Station Rear access via Illawarra Street in addition to an abundance of street parking on Mona Street and Railway Parade Proximity to a wealth of local amenity including highly rated schools, parks, shopping facilities, beaches, Sydney Airport and Sydney CBD.
472 Railway Parade, Allawah will be sold via Public Auction on Tuesday 18th July 2023 at 10:30am at auctionWORKS.
For more information or to arrange an inspection, please contact the exclusive agents