HIGH YIELDING INVESTMENTS - CIRCA 7.5% YIELD

462 Chapel Road, Bankstown, New South Wales 2200

Retail For Sale

Auction. Date 1 May 2019

Little Saigon Plaza

Description

Colliers International is excited to present the Little Saigon Portfolio, Bankstown For Sale by way of Public Auction. The Little Saigon Portfolio presents purchasers with an outstanding opportunity to acquire one or more Premium Retail Investments within Little Saigon Plaza; Bankstown’s newest shopping and food destination.

Located at 462 Chapel Road, Bankstown, the busy Plaza caters to the high demand from both the local community as well as avid foodies across Metropolitan Sydney for boutique shopping and popular late-night eateries. Also home to the Highline Venue, one of Sydney’s largest premiere wedding function centres; the Plaza benefits from being a constant high traffic location, especially during its evening trading hours.

Currently available for purchase are four Premium Retail Investments including Papparich, Little Saigon Pho, Kushi Charcoal Skewer Buffet, as well as Miss Specs Appeal, all of which are considered strong anchor tenants within the Plaza.

The Little Saigon Portfolio offers investors the following compelling highlights:

Kushi Charcoal Skewer Buffet
Lot No: G.32, G.33 &g.34
NLA: 352sqm*
Lease Term: 5 + 5 years
Net Income: $526,992 per annum*
Annual Reviews: 4%
Outgoings: Tenants pay outgoings

PappaRich Malaysian Restaurant
Lot No: G.13 & G.14
NLA: 218sqm*
Lease Term: 5 + 5 years
Net Income: $265,898 per annum*
Annual Reviews: 4%
Outgoings: Tenants pay outgoings

Little Saigon Pho Restaurant
Lot No: G.01 & G.02
NLA: 148sqm*
Lease Term: 5 + 5 years
Net Income: $209,602 per annum*
Annual Reviews: 4%
Outgoings: Tenants pay outgoings

Miss Specs Appeal
Lot No: G.30
NLA: 130sqm*
Lease Term: 3 + 3 years
Net Income: $98,581 per annum*
Annual Reviews: 3%
Outgoings: Tenants pay outgoings

The investments included within the Little Saigon Portfolio are being offered For Sale, individually, by way of Public Auction on Tuesday, 25th June 2019 at 10:30am (AEST) at Colliers International, Level 30, 225 George Street, Sydney, NSW, 2000.

Features

  • Four Premium Retail Investments
  • Leases varying from 3 - 5 years
  • Prime Retail location in heart of Bankst
  • Fixed annual increases of 3% – 4%
  • Outgoings recoverable from tenant

Map

Open in a new window

Contact Us

Share This Property
For further details, contact:
Close
Saved Properties
Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.