The Agency Commercial has been appointed to sell by Expressions of Interest, Shops 1-3, 53-55 Belmore Road, Randwick, situated in a most prominent position almost adjacent to Royal Randwick Shopping Village.
The subject property offers a wonderful opportunity for long term investors looking to capitalise on this excellent site position, or for future owner occupation
Shops 1-2 are currently leased by IPG Randwick Pty Ltd who operate Priceline Pharmacy, whilst Shop 3 is currently leased by Everbloom Trading Pty Ltd who operate a Pack and Send store.
The Agency Commercial is offering these two (2) free-hold lots to be sold in one line. The property includes the two shops, 17 car spaces, loading dock and large storage areas in the basement. The storage areas are offered with vacant possession.
It is perfectly located within the Randwick shopping precinct, immediate to all shops, the Royal Randwick and Randwick Plaza Shopping Centres.
Excluding the basement areas, the gross annual income for the shops and licensed car parking, with allowance for the letting of the vacant car spaces (5 available) is $515,600.00 + GST (approx.)
This site will be available to interested parties through an expressions of interest campaign.
Submissions should be made to the Selling Agents prior to closure of the expression of interest campaign on Friday 2 May at 4.00pm.
Please contact the Selling Agents to arrange a site inspection.
Michael Laing0414 606 035michaellaing@theagency.com.au
Angus Laing0450 058 924anguslaing@theagency.com.au
