79 Glebe Point Road Glebe NSW 2037
- Shop & Retail
- 288 m²
- Commercial Auction
SECURE RETAIL INVESTMENT OPPORTUNITY
- NLA: 288sqm* plus 6 car spaces
- Anchored by well-known tenant
- Secure lease with 5+5 year options
CBRE as the exclusive agents are pleased to present 79 Glebe Point Road, Glebe.
Conveniently positioned along Glebes main dining and retail strip, 79 Glebe Point Road presents a secure retail investment opportunity in one of Sydneys most up-and-coming suburbs. The property is tenanted by Otto Noorba Restaurant and has
288sqm* of NLA, a large outdoor seating area plus 6 secure car spaces.
A development scheme has been prepared to capitalise on the large site area by constructing residential apartments in the back courtyard space (STCA).
79 Glebe Poing Road benefits from the following key attributes:
Ground floor restaurant with a total NLA of 288sqm*, large outdoor dining area plus 6 car spaces
Anchored by well-known tenant with a strong catchment of customers
Secure lease with 5+5 year options
Net passing income: $170,307 per annum*
Premium location along Glebe Point Road, moments from Broadway and several prestigious universities
Significant landholding boasting rear street access
Direct light rail and bus services to Sydney CBD (5-minute ride*)
Large young professional and student demographic
Design scheme prepared for further extensions to the property (STCA)
For more information or to request access to the due diligence room, please contact the selling agents.
|Auction date and time||25/08/2020 12:00|
|Auction location||AuctionWorks, 50 Margaret Street, Sydney|
|Floor Area||288 m²|
|Land Area||365 m²|
|Parking||6 x Onsite parkings|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||30 Jul 2020|
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