SOLD BY MATTHEW MCHARDY & TOM MELLIOS – FULLY LEASED – POTENTIAL DEVELOPMENT SITE
296 Belmore Road, RIVERWOOD
Price: EOI: Closes 23rd September 4pm
Property Size: 218m2
Land Area: 218m2
Property Type: Retail
Zoning: B2
Prime corner site location on the fringe of Riverwood CBD.
This site will be the “gateway” property to the busy Riverwood Retail strip and Riverwood rail station area, which is a primary train stop on the East Hills line, and only 31 minutes to Sydney CBD.
In accordance to the NSW State Planning portal this property offers an FSR of 2:1 with an 18 metre height limit (subject to council approval).
Currently fully leased, these 3 shops have been amalgamated into one with the current sitting tenant who has been in occupation since 2003.
With a current passing income $60,693.33 P.A. Gross + GST, and conveniently located only 600 meters to the M5 Motorway entrance and exit, this is an investment / development opportunity rarely offered for sale.
Three perfect opportunities:
1. Long term tenant
2. 3 separate tenancies
3. Massive development upside
For sale by expressions of interest closing 23rd September 2021 4pm.
Contact exclusive agents
Matthew McHardy
0405 440 799
matthewm@commercial.net.au
Tom Mellios
0410 654 365
tomm@commercial.net.au
