Long leased investment with safe exit strategy

2-10 Gallipoli Street, St Marys, New South Wales 2760

Retail For Sale

Auction. Date 8 Nov 2018
Land Area: 2,532.00 m2.    Floor Area: 6,426.00 m2.    

Description

Colliers International are pleased to offer For Sale by way of Public Auction, a large format retail centre located at 2-10 Gallipoli Street, St Marys, a long WALE freehold retail property providing a strong cash flow secured by 8 quality tenants.

Providing a make-up of eight quality tenants including leases to national brands Subway, Tradelink, Ultra Tune and Plus Fitness, the property offers the opportunity for an astute investor to capitalise on a fully leased and secure investment whilst benefiting from an injection of surrounding infrastructure in the M9 Outer Sydney Orbital.

Investment Highlights Include:

- 100% leased investment with WALE by income of 4.61 years as at 1 October 2018
- Net passing come of $432,369 per annum approx.
- All outgoings are 100% recoverable from all tenants
- Strong fixed annual increases ranging from 3% - 4%
- Diverse stream of income with relatively new leases
- Security of income and low investment risk
- Already strata titled for future sell down of individual lots

2-10 Gallipoli Street, St Marys is offered by For Sale by way of Public Auction to be held on Thursday 8th November 2018 at 10:30am, Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000.

For more information, please contact the exclusive selling agents below:

Harry Bui
04 418 477 888

Nick Estephen
0488 748 186

Features

  • Secure 4.61-year WALE by income
  • Expansive 2,532sqm of NLA
  • Large 6,426sqm of site area
  • Beneficial titles for strata sell-down
  • Strong cash flow from 8 quality tenants

Transaction Details

02 Nov 2018
2-10 Gallipoli Street, ST MARYS NSW 2760, AUSTRALIA

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