Offered for the first time since 1876, Stanton Hillier Parker with Emerge Capital are proud to present Campbell's Stores, Sydney Harbour.
Nestled between two of the world's most recognisable landmarks, Campbell's Stores is an irreplaceable waterfront property of truly great significance. A truly extraordinary offering with outstanding investment fundamentals.
An iconic, heritage-listed sandstone warehouse, exuding charm and character over 3 levels. Over time, Campbell's Stores has undergone a $54 million award-winning refurbishment recently completed. The result is a breathtaking facility enhanced to accommodate high-end restaurants, bars, and commercial office accommodation. This includes internal and external licensed areas capturing the 'postcard' perfect outlook that is Sydney Harbour.
Investment highlights include:
- A globally recognised pre-eminent and irreplaceable waterfront dining and commercial precinct.
- Long WALE (8.6* years), high occupancy with a diversity of income from multiple tenants.
- Net income of $5.4 million p.a. (estimated)
- Substantial refurbishment works with potential depreciation benefits.
- Potential future upside.
- Strong tenant covenants supported by experienced, multiple venue hospitality operators.
*approx.
www.campbellsstores.com.au
International EOI closes on Wednesday, 22 June 2022 at 4pm AEST
Contact listing agents for more information.
