Gunning Real Estate is pleased to present this rare opportunity to acquire a freehold retail building in prime location within Kogarah retail district.
FOR INVESTORS:
The tenant, Express Money Lent, has had a long-term presence in Kogarah and has a total of 6 branches in Sydney.
The current 5-year lease expires in May 2025 with a further 5-year option term (market rent review upon renewing).
FOR OWNER-OCCUPIERS:
The current lease provides that the owner may terminate the lease with 6 months' notice after May 2025.
LOCATION:
- 2 minutes' walk from Kogarah train station and Kogarah Town Centre shopping centre
- 4 minutes' walk from St George Public Hospital
- 6 minutes' walk from St George Private Hospital
- 30 minutes' drive from Sydney CBD
- Next door to the popular 'El Jannah' restaurant
LAYOUT:
- Full glass frontage with display window
- Shopfront with high ceiling
- Storerooms with internal kitchenette at the back
- Own backyard with toilet
- Access to back street
KEY FEATURES:
- Land area: 82sqm approx.
- Building area: 60sqm approx.
- Versatile Mixed Use zoning (MU1)
- Prime retail location
- Busy high street well supported by locals and corporate/medical workers
- Longstanding tenant in the area
For more information or to inspect the property, please contact:
William Wu
0450 250 123
williamw@gunningre.com.au
William Gunning
0413 610 194
williamg@gunningre.com.au