Property Details:
CPG are pleased to present to market for sale this corner positioned retail investment, located on the corner of President Avenue and Willarong Road offering two separate titles with 430m² total internal floorspace and new, long-term leases with a combined NET income of $177,800 pa + GST.
52 President Avenue is in prime position on the adjacent corner to landmark Caringbah Shopping Village (Woolworths) which benefits from the traffic of over 2.5 million people per year, and the Caringbah Coles site on the other corner, which has a proposed 10-storey development of 120 apartments and a brand-new 4,073m² Coles supermarket, both generating massive levels of traffic and exposure which will be sure to benefit any business operating from the shops being offered for years to come.
Tenancies:
Anchor Tenant (Shop 37) | EP Exercise Physiology | NET income of $85,000 pa + GST:
One of the Sutherland Shire’s most referred and well-known exercise physiology and rehabilitation centres, EP boasts visits from 100-200 clients through its doors each day and has signed a brand-new 20 year lease (5 + 5 + 5 + 5).
Affiliate tenants (Shop 38) | Café and Pilates Studio | NET income of $92,800 pa + GST:
Shop 38 has always traditionally been a café/food outlet and has the benefit of DA approval for this purpose, with the new café and Pilates studio being opened as affiliate businesses to supplement EP Exercise Physiology and provide added benefit to their clients while also benefiting from the massive street frontage exposure to the thousands of cars passing by daily.
Other Features:
– Shop 38: 201m²* on title
– Shop 37: 229m²* on title
– 12 allocated basement car spaces between the two shops
– Rear lane providing direct access to both shops
– Secure one shop or both
– Total NET income of $177,800 pa+ GST
– Secure, NEW long term leases
– Personal guarantees and 3 month security bonds for both tenancies
– CPI annual rental increases
– DA approvals for both businesses
– Huge signage and exposure to 20,000 cars p.a.*
– 5 minute walk to Caringbah Train-Station
– Nearby to other major traffic generating businesses such as Woolworths, Coles, McDonald’s, Plus Fitness and Caringbah Medical Centre
– Caringbah Oval at rear of property
CPG are offering the shops to market via private treaty sale whereby they can be secured together or individually, for further information or to arrange an inspection please contact exclusive agents Ryan McMahon 0429 228 460 or Damen Astey 0431 817 616.
* Approximate.
