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  • For sale
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #1
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #2
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #3
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #4
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #5
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #6
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #7
Prime Freehold Commercial Investment Leased to Blue Chip Tenant - #8
Colliers are pleased to bring to market 46-48 Rocky Point Road, Kogarah for sale via a Forthcoming On-Site Auction, unless sold prior. This freehold commercial asset is leased to blue chip tenant, Enzo’s Cucina Italian Restaurant and will suit any astute investor looking to secure a low-risk investment with strong lease terms and guaranteed rental growth.

Key Investment Features:
- Gross income of $156,000 per annum + GST
- Secure 5-year lease to 2026 + option till 2031
- Fixed 3% annual rental increases with a market review at option
- Security deposit totalling 3 months’ rental
- Strategic 660m²* main road freehold parcel of land that sits across two titles
- 350m²* of retail/commercial space, 11 car spaces & rear lane access
- Exceptional and expensive restaurant fit out + open plan dining
- High exposure Kogarah location with large volume of passing traffic
- Upstairs level used as office & storage area
- Easily managed, minimal landlord repair & maintenance obligations
- Prime position close to Kogarah Town Centre, St George Hospital, Train station, Scarborough Park and Brighton-Le-Sands Beach
- Current Zoning B1 - Neighbourhood Centre, 1:1 FSR and 13m height limit
- 5 minute drive from Kogarah Train Station

*Approx ^STCA

46-48 Rocky Point Road, Kogarah will be offered for sale via a Forthcoming On-Site Auction, unless sold prior.

For further information or to arrange an inspection, please contact the exclusive listing agents.

Trent Gallagher
0432 242 063

Edward McFarland
0401 868 376