SOLD PRIOR TO AUCTION!!!
Retail
Sold
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- Floor area approx 556sqm
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Absolutely rare opportunity to secure a freehold corner site in the vibrant and very strong retail/commercial market of Cabramatta.
Cabramatta is situated approximately 30km South-West of Sydney CBD, close to major transport links.
Cabramatta is one of Sydney's Asian food capitals featuring one of Australia's largest multicultural, restaurant and shopping precincts.
Corner location on Cook Square at the mouth of the entry to the well known John Street retail strip, opposite Cabramatta Railway Station.
Part two (2) storey building comprising 3 retail shops to Railway Parade and 5 retail shops to John Street, two of which are combined for use as a restaurant.
Site area of 553m2 (approximately) with frontage of 14.63 metres to Railway Parade and 37.775 metres to John Street.
Includes first floor office and disused one (1) bedroom flat.
Total building areas:
Shops: 447.5m2
First Floor: 108.5m2
Total: 556.0m2 (approximately)
All retail shops occupied, comprising:
Happy Cup franchise Convenience store Vodafone mobile retail outlet Boot maker Western Crusty Bread - Bakery Pho Viet Restaurant Mens/Ladies hair salon
First time offered in over 50 years.
Ideal for investors who wish to hold and negotiate new leases and take advantage of the anticipated increase in gross rental return.
Potential to refurbish in whole or part and subject to Council approval, redevelop the property due to expired leases.
In principle, Tenant's all indicate a wish to secure new leases over their individual areas.
All shops have allocated toilet facilities.
Current gross annual rental (excluding the vacant flat) is $304,368.00 + GST.
Inspect by appointment.
Location and Amenities
Nearby Government Schools
Cabramatta Public School, Canley Vale Public School, Cabramatta High School, Cabramatta West Public School, Lawrence Hargrave School, Lansvale Public School, Canley Vale High School & Canley Heights Public SchoolNearby Private Schools
Sacred Heart Catholic School, Pal Buddhist School, Warakirri College, All Saints Catholic Primary School, All Saints Catholic College, Our Lady of the Rosary Catholic Primary School, Patrician Brothers' College Fairfield & Sacred Heart Catholic Primary SchoolContact Michael Laing for more information.
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