- Secure investment with long-term tenant
- Income: $30,775 per annum + GST
- Prominent Bayside retail location
Description
Gorman Allard Shelton is pleased to offer Shop 11, 450 Nepean Highway, Chelsea for sale by Public Auction on Thursday 8th December at 12 noon on-site.
Leased to one of Bayside’s best performing real estate agencies, Hodges Chelsea, this property will make an outstanding addition to your investment portfolio and is ideal for both experienced and first-time commercial investors.
Key property attributes include:
* Total building area of 150 sqm*
* Income: $30,775 per annum + GST + outgoings
* Five (5) year lease recently renewed to longstanding tenant from 1st September 2021 plus one (1) further term of five (5) years
* CPI annual increases
* Surrounded by an abundance of national retailers and major supermarkets with Woolworths just 80m from the property
* Corner retail/office premises offering outstanding exposure to Nepean Highway
* Leased to one of Bayside’s leading real estate agencies in Hodges Chelsea
* High activity retail strip experiencing little vacancy
The property is positioned prominently on the corner of Nepean Highway and Swansea Road within the heart of the popular and vibrant Chelsea retail strip which offers high levels of foot traffic and vehicle traffic daily.
Open For Inspection:
Monday 28th November: 11.00am - 11.30am