This is an excellent opportunity to invest in a selection of premium retail investment properties in Sydney and strong growing regional locations of NSW. There are opportunities for all levels of investors or self-managed super funds and we encourage you to review the assets on offer.
In particular, Lot 3, 12 Stockland Drive, Kelso (Bathurst) offers the following main benefits:
- Brand new 7 years lease to Officeworks plus option to renew for a period of 4 x 5 years
- Officeworks is the market leader in office supplies with over 158 locations across Australia and a subsidiary of Wesfarmers (ASX:WES), a top 20 ASX covenant
- Total GLA: 1,006.6 sqm approx.
- Total net passing income: $152,565 per annum approx.
- Thriving retail regional location within Bathurst Homemaker Centre which is anchored by a recently expanded Bunnings Hardware store and also houses a number of Australia’s leading retailer’s including, The Good Guys, Super Cheap Auto, Fantastic Furniture, Harvey Norman, BCF, and Spotlight to name a few
- The recent Bunnings expansion increased their store GLA from 8,171 square metres to a new store area of 13,336 square metres, a retail increase of some 63.2%, which is a testament to the strong performance of the precinct and should continue to underpin occupancy rates well into the future.
The property is scheduled for auction on Tuesday 3 May 2016 at 10:30am at Auctionworks, Mezzanine level, 50 Margaret Street, Sydney
Agent: Harry Bui and Mitch Noonan
This property is part of the Blue Chip Retail Portfolio (BCRP16). For more information please go to www.collliers.com.au/bluechipretail