CPG

Fully Leased Freehold Retail Investment with Dual Street Access

416-418 Forest Road, Bexley Sale Price: Contact Agent Back to result(s)

Property Details :

CPG are pleased to present to market for sale this incredibly well presented and recently renovated freehold retail and commercial investment with both current, and future development upside.

Located on the busy Forest Road, the property boasts immense exposure for a large retail tenancy (currently Bendigo Bank), whilst also having rear street frontage and access via Albyn Street, providing entry to another 6 commercial tenancies and a 3 bedroom residence combining to generate a substantial multiple tenancy rental income.

416-418 Forest Road is 100m* from Albyn Street Council carpark and is in the middle of Bexley town centre, which has recently had a substantial council upgrade to visually improve the area. A large number of new developments in the area and multiple large scale DA approvals for mixed use developments, highlighting the growth location that Bexley is becoming.

Features include:
– 429m²* total land area (double block)
– 513m²* building area
– Multi tenant rental income fully leased returning $138,716 pa. + GST
– Anchor tenant Bendigo Bank have recently exercised 3 year option commencing July 2022
– High exposure and dual street access/frontage
– B4: Mixed Use zoning
– 16m building height limit with 2:1 FSR
– Potential to develop additional 4 levels (STCA)
– Recent $200,000 renovation including modernised commercial suites and upgraded common kitchen facilities, amenities and façade
– Solar panels on roof

For further information on this opportunity please contact agents Ryan McMahon on 0429 228 460 or Damen Astey on 0431 817 616.

Open for inspection by private appointment

*Approximate

  • Property Size:513m2
  • Land Area:429m2
  • Zoning:B4: Mixed Use
  • Council:Bayside Council
  • Availability:Available

Contact Details

Ryan McMahon M: 0429 228 460 E: Email Agent
Damen Astey M: 0431 817 616 E: Email Agent

Office Details

239 Rocky Point Road Ramsgate NSW 2217

Make an enquiry

    Property Details

    CPG are pleased to present to market for sale this incredibly well presented and recently renovated freehold retail and commercial investment with both current, and future development upside.

    Located on the busy Forest Road, the property boasts immense exposure for a large retail tenancy (currently Bendigo Bank), whilst also having rear street frontage and access via Albyn Street, providing entry to another 6 commercial tenancies and a 3 bedroom residence combining to generate a substantial multiple tenancy rental income.

    416-418 Forest Road is 100m* from Albyn Street Council carpark and is in the middle of Bexley town centre, which has recently had a substantial council upgrade to visually improve the area. A large number of new developments in the area and multiple large scale DA approvals for mixed use developments, highlighting the growth location that Bexley is becoming.

    Features include:
    – 429m²* total land area (double block)
    – 513m²* building area
    – Multi tenant rental income fully leased returning $138,716 pa. + GST
    – Anchor tenant Bendigo Bank have recently exercised 3 year option commencing July 2022
    – High exposure and dual street access/frontage
    – B4: Mixed Use zoning
    – 16m building height limit with 2:1 FSR
    – Potential to develop additional 4 levels (STCA)
    – Recent $200,000 renovation including modernised commercial suites and upgraded common kitchen facilities, amenities and façade
    – Solar panels on roof

    For further information on this opportunity please contact agents Ryan McMahon on 0429 228 460 or Damen Astey on 0431 817 616.

    Open for inspection by private appointment

    *Approximate

    • Land Size:429m2
    • Property Size:513m2
    • Zoning:B4: Mixed Use
    • Council:Bayside Council
    • Availability:Available
    • GST:unknown

    Contact Details

    Ryan McMahon M: 0429 228 460 E: Email Agent
    Damen Astey M: 0431 817 616 E: Email Agent

    Office Details

    239 Rocky Point Road Ramsgate NSW 2217

    Contact Details

    Ryan McMahon M: 0429 228 460 E: Email Agent
    Damen Astey M: 0431 817 616 E: Email Agent

    Office Details

    239 Rocky Point Road Ramsgate NSW 2217

    Make an enquiry

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