Learn more about this property online at:
https://www.colliers.com.au/p-aus66017343
https://www.colliers.com.au/p-aus66017343
- For sale
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
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
