$3,800,000

Located on the Southern side of McEvoy Street between the intersections of McCauley Street and Stokes Avenue.

Offered FOR SALE via Private Treaty is a rare opportunity to invest in an Alexandria 2015 freestanding property. Fully Leased to two (2) fantastic tenants showing a Four (4) Year WALE (weighted average lease expiry).

Property Particulars:
Rare freestanding property of approx 445sqm with 2 street frontages, rear lane rollerdoor access and main street retail glass entrance.

This is a solid, well built and maintained building over 2 levels which offers retail, showroom, office and storage areas. Warehouse height is approx 4 metres, polished concrete 1st floor and great exposure to thousands of cars via the M8 West Connex and thriving foot traffic along McEvoy Street.

Lease Particulars

Ground Floor:
Rent: $95,000 gross pa + GST
Term: Five (5) Years
Option: Three (3) Years
Commencement: 1/12/2022
Increases: 4% pa
Market Review: At Option
Security: $26,125 cash

1st Floor
Rent: $74,263 gross pa + GST
Term: Three (3) Years
Option: Three (3) Years + Three (3) Years
Commencement: 03/09/2022
Increases: 3% pa
Market Review: At Option
Security: $19,250 cash

This fantastic opportunity which is located only minutes to the CBD and is at the front of the 24hr cultural precinct WILL BE SOLD!

Huge upside and untapped future potential, a must to inspect.

Call Craig Carroll for an IM and inspection on 0412 034 263

South Sydney Commercial
THINKING OUTSIDE THE SQUARE METRE