Prime Retail Value Creation Opportunity

1D Wolgan Street, Portland, New South Wales 2847

Retail For Sale

Auction. Date 6 Dec 2018
Floor Area: 335.00 m2.    

Description

Colliers International, on behalf of the Commonwealth Bank of Australia (CBA), is pleased to present For Sale, 1D (Lot 9) Wolgan Street, Portland, one of four properties offered as part the CBA Portfolio.

The CBA Portfolio presents the astute investor an outstanding opportunity to acquire one of four vacant freehold commercial properties in prime retail locations. Each property offers value-add opportunities and potential development upside across flexible zonings.

1D Wolgan Street, Portland highlights include:
- Offered with Vacant Possession
- Previously operated by CBA
- 3-year ATM lease to CBA for $5,000 per annum + GST from the date of settlement
- 335sqm* of site area
- 170sqm* of net lettable area
- Value creation and development upside
- Flexible B2 – Local Centre Zoning

1D Wolgan Street, Portland, as part of the CBA Portfolio, is being offered For Sale by way of Public Auction to be held at Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000 on Thursday 6th December at 10:30am (AEDT).

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

Harry Bui
0418 477 888

Nick Estephen
0488 748 186

Clarence Chan
0420 364 998

CBA18

Features

  • Former Commonwealth Bank (CBA) branch
  • Vacant possession
  • Value-add and development potential
  • 335sqm* of site area

Transaction Details

07 Dec 2018
1D Wolgan Street, PORTLAND NSW 2847, AUSTRALIA

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