Exceptional Investment Opportunity: Prime Commercial Space with Robust Rental Yield
CPG is delighted to announce the sale of a premier ground floor commercial/retail space via public auction, boasting a secure long-term lease to a reputable allied health services tenant. This investment shines with a strong NET yield of approximately 6%, combining stability with lucrative returns.
Strategically positioned at the bustling intersection of Connells Point Road and King Georges Road, this property is not just a sound investment but a beacon for professional visibility. Its significant floor-to-ceiling glass façade, complemented by rear access and ample parking (7 allocated spaces plus visitor parking), makes it an enviable location for any modern business seeking to maximize exposure.
Investment Highlights:
• Expansive Commercial Offering: 164m²* of commercial space paired with an additional 48m²* office/storage area, culminating in 212m²* of titled space.
• Stable Income Stream: Anchored by a high-quality allied health tenant, ensuring a secure rental yield of $70,065.00 pa Gross + GST.
• Lease Details: Favourable lease terms with a 5-year initial period plus a 5-year option, promising long-term stability.
• Premier Fit-Out: The space features an immaculate fit-out and is meticulously maintained, enhancing property value.
• Modern Construction: Built in 2019, the property stands out with its contemporary design and construction quality.
• Unmatched Exposure: Benefits from high vehicular traffic daily, offering exceptional visibility and signage opportunities.
• Convenient Access: Dual entry points through the striking glass frontage or the discreet rear access door.
• Parking and Accessibility: Includes 7 basement parking spaces dedicated to the property, with the added advantage of potential depreciation benefits for investors.
• Prime Location: A mere 1.3km from Hurstville CBD and train station, ensuring convenience and connectivity.
For more information or to arrange an inspection, contact Ryan McMahon on 0429 228 460 or Jackson Chambers on 0476 001 048.
Open For Inspections:
1:00pm to 1:30pm Wednesday’s
17th & 24th April, 1st, 8th & 15th May 2024
Auction:
Tuesday 21st May 2024 at 6:00pm
In Room at Cronulla RSL Club
(38R Gerrale Street, Cronulla NSW 2230)
*Approximate