An outstanding opportunity to secure a high-exposure retail investment in the heart of Mascot’s tightly held commercial precinct. This prominent property offers a total area of approximately 699sqm and comprises two retail shops plus mezzanine, providing immediate income with strong value-add potential.
• Two (2) retail shops / One title, plus mezzanine • Total building area approx. 699sqm ( GROUND FLOOR 372m2 and LEVEL ONE 276m2 • Strata $3738 per qtr • Prime frontage with excellent exposure • Flexible configuration suited to investors and owner-occupiers
Tenancy Details: Shop 1 – Leased (Retail + Mezzanine) • Securely leased to a supermarket • Current gross income: $8,225 per month gross * Lease expire: 29.02.2028 plus 5 year option * Annual Increase: CPI
Shop 2 – Vacant (Food & Beverage Ready) • Previously fitted for food and beverage use • Estimated potential rent: $55,000 per annum
POTENTIAL INCOME AT FULL OCCUPANCY * $153,696 p.a gross less 15% outgoings $130,643 net p/a * Net Return 7% * Rater per SQM: $2647
Investment Highlights: • Immediate holding income with upside • Ability to enhance returns through leasing or re-configuration • Ideal for investors seeking stable cash flow and future growth • Strategic Mascot location close to Sydney Airport, major arterials, and transport
For further information or to arrange an inspection, please contact the exclusive selling agent.
DOMAIN NSW REAL ESTATE Alex Tehfe 0410 11 22 22
Selling and buying real estate can be daunting and choosing the right agent can be hard. Call us on 02 9599 7100 for a chat and some helpful advice regarding your property.
Shop 3 / 38 Bay Street RockdaleNSW 2216
