63 Majors Bay Road, CONCORD NSW 2137
Sold on 06/12/2016
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- 7 Dec 2016
Concord's Best Retail Position. Priceline Lease to Oct 2025.
Landmark 100% leased retail investment in Sydney's Inner West.
Anchored by Priceline Pharmacy chain with 448 stores nationwide.
Bustling corner position on main intersection of Majors Bay Road.
Ground floor Pharmacy: 9 + 5 year lease from November 2016.
First floor Physio: 10 + 5 year lease from February 2011.
Exceptionally vibrant retail village precinct including cafes & restaurants servicing affluent waterside catchment along Parramatta River.
Attractive 3% and 3.5% annual rental increases.
Valuable corner frontage totalling close to 60 metres.
Substantial well presented 2 storey building + 3 on-site garaging.
Tenants pay usual outgoings, as per leases.
Net Income: $317,609 pa + GST (as at Feb. 2017).
63 Majors Bay Road CONCORD