Savills is delighted to offer for sale this prized retail investment located directly adjoining Barkly Square Shopping Centre at 88 Sydney Road, Brunswick.
Key attributes of 88 Sydney Road are as follows:
Super prime two-storey retail building with front/rear retail tenancies
High profile Sydney Road frontage plus rear frontage into Barkly Square precinct
Fully leased to national tenant 'Chatime' (125 locations nationally and over 2,000 globally) and busy café 'The Black Owl'
'Chatime':
- Lease Term: 5+5 year lease from August 2018
- Net Rental: $46,462.5 per annum* + Outgoings & GST
- Reviews: 3.25% fixed annual reviews
'The Black Owl':
- Lease Term: 5+5+5 year lease from November 2018
- Net Rental: $56,650 per annum* + Outgoings & GST
- Reviews: 3% fixed annual reviews
Total Net Rental: $103,112.5 per annum* + GST & Outgoings
Perfectly positioned within the best part of bustling Sydney Road
Serviced by abundant car parking at Barkly Square
A truly premium and passive retail investment positioned for strong future growth
*Approx.
SOLD
Please contact the selling agents for further instructions.
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655