Burgess Rawson is pleased to offer to the market Petbarn Potts Point (Sydney) located at 70/46a Macleay Street, Potts Point (Sydney) NSW for sale via Private Treaty.
+ Brand new 6 year net lease to 2031 plus options to 2041
+ Petbarn: national network of 241+ locations, owned by Greencross Limited, subsidiary or NASDAQ listed TPG Capital, Australian Super and Ontario Pension Plan
+ Compounding fixed 3.5% annual rental increases guaranteeing long term income growth
+ Desirable net lease structure with tenant paying all outgoings including land tax & property management
+ Situated in a key retail and commercial precinct within Potts Point, the property is positioned less than 100m to the Woolworths Metro & BWS and less than 500m* from Kings Cross Train Station
+ Significant 422sqm* tightly held Eastern Suburbs showroom with loading bay access
+ Within the 3km* trade catchment surrounding the property, there is a population of 153,580 and a $3.08b spend on retail annually.
+ There are 35,606 registered pets living with their companions in the LGA
+ Potts Point: one of the most densely populated residential areas in Australia and an extremely affluent suburb with annual income per capita 50% higher than the NSW average.
+ The City of Sydney is home to an estimated population of 232,438, projected to grow by nearly 31% to 304,049 by 2046, and generates a Gross Regional Product of almost $155 billion, accounting for nearly 20% of the state's total economic output.
+ Net Income: $285,000 pa* + GST
To be sold via Private Treaty
Please contact the exclusively appointed sales team for more information.
*Approx
