Calling all astute investors! Situated in Menai's tightly held commercial precinct, we offer a reliable investment property with excellent lease conditions. It is approximately 36km from Sydney CBD and is surrounded by significant attraction businesses, including Aldi, Dan Murphy's, Super Cheap Auto, Century 21 Sutherland Shire, Fitness First, Crew Gym, and KFC.
* Currently Leased to a long-term blue-chip tenant
* Rent is $4,597.22 + GST monthly, $55,166.64 + GST annually
* Fixed annual rent increases of 3%
* Tenant responsible for 100% of outgoings
* Lease Term, 5 years, commenced 1 June 2022 ending 31 May 2027
* Two 5 Year options to renew, ending 31 May 2037
* Total maximum potential lease length: 15 years
* Total Size 124 sqm, Shop 97, two parking spaces 27 sqm. Net lettable area 97 sqm
* South-East Aspect, Small complex of 17 lots
* Zone E3 Productivity Support
* Council $267.14 p/q, Water $238.70 p/q, Strata $1,856.21 p/q
Location and Accessibility: Situated in Menai's established business precinct, the property offers convenient access to major arterial routes:
* A6 Highway: Provides connectivity to broader Sydney regions.
* Heathcote Road: Links to the M5 Motorway, facilitating transport towards the city and southwestern suburbs.
* Bangor Bypass and Alfords Point Road: Enhance accessibility to surrounding areas and reduce travel times.
Recent Transactions:
* 15/778-786 Old Illawarra Road Menai Sold for $1,325,000 04/07/24.
NLA 267 sqm, $4,962 per sqm
* 6/800-812 Old Illawarra Road Menai Sold for $1,250,000 07/02/24
NLA 253 sqm, $4,940 per sqm
* 18/62-70 Allison Crescent Menai Sold for $1,204,500 31/10/23
NLA 112 sqm, $10,754 per sqm
* 2/778-798 Old Illawarra Road Menai Sold for $1,900,000 28/09/23
NLA 340 sqm, $5,588 per sqm
* 10/778-786 Old Illawarra Road Menai Sold for $1,210,000 09/06/22
NLA 176 sqm, $6,875 per sqm
Additional Information: Prospective buyers or tenants are advised to conduct thorough due diligence. A strata report for # 8 is available for purchase, providing insights into the property's financial health, proposed expenditures, meeting minutes, defects, insurances, bylaws, and any existing disputes.
Inspect: By Virtual Tour, click the links, and by private inspection
Contact: Stewart Maloney 0419 995 713, Joel Bethell 0406 274 375