FREE STANDING COMMERCIAL PROPERTY Ray White Commercial NSW is pleased to present for sale 10 East Market Street, Richmond by Public Auction.
The property represents the opportunity to acquire a versatile commercial building in the heart of the Richmond town centre.
Situated only 200m* from the Richmond Railway Station, the site boasts the following highlights:
- Land size 889m2
- Internal area 327m2
- Zoned B2 Local centre (permitted uses incl: Child care, medical and respite day care centres^)
- Multiple off street parking spaces
- Potential to rent as two premises (STCA)
- Offered with Vacant Possession...
15 Year Lease Plus Options
To Woolworths Limited As new freestanding Dan Murphy's, built 2010. Secure 15 year lease to Woolworths (commenced 9 May 2011) plus options to 2066. Central retail site with wide 37m frontage to East Market Street and 110m return frontage to council car park. Large land of 2,762 sqm and building of 1,119 sqm. 38 on-site car parks plus adjoining parking. Sydney north west growth region with Hawkesbury LGA population 64,592 (ABS 2012). Excellent tax depreciation benefits. Security of Woolworths Limited - One of Australia's most successful retailers. Net Income $373,644pa + GST.
Brand New Freestanding Dan Murphy's 15 year lease plus options to 2066.
Superb retail location and exposure.
Latest design 1,119sqm* building.
Strategic 2,762sqm* site.
Ample on site and adjoining car parking.
Substantial taxation depreciation.
Sydney growth region.
Net Income: $374,435 p.a.
Interstate and local bidding is available by prior arrangements.
To be auctioned as part of Burgess Rawson Investment Portfolio Auction
29 March 2011.
City Auction Centre (Sydney).
For information on other investment opportunities in the campaign, please see:
INVESTMENT PORTFOLIO AUCTION Department of Community Services have occupied these low maintenance premises since they were constructed in 1985. Currently leased until 30th April 2006 plus 3 year option period. Directly adjacent to new KFC restaurant currently under construction. Attractive single storey 'Community Services Centre' comprising colonial style offices approx. 400 sqm. Annual 2% increases due next 1st May 2004. Depreciation allowances.