8/778-786 Old Illawarra Road Menai, 2234 NSW
Blue-Chip Tenant – 5% Return
Calling all astute investors! Situated in Menai's tightly held commercial precinct, we offer a reliable investment property with excellent lease conditions. It is approximately 36km from Sydney CBD and is surrounded by significant attraction businesses, including Aldi, Dan Murphy's, Super Cheap Auto, Century 21 Sutherland Shire, Fitness First, Crew Gym, and KFC.
* Currently Leased to a long-term blue-chip tenant * Rent is $4,597.22 + GST monthly, $55,166.64 + GST annually * Fixed annual rent increases of 3% * Tenant responsible for 100% of outgoings * Lease Term, 5 years, commenced 1 June 2022 ending 31 May 2027 * Two 5 Year options to renew, ending 31 May 2037 * Total maximum potential lease length: 15 years * Total Size 124 sqm, Shop 97, two parking spaces 27 sqm. Net lettable area 97 sqm * South-East Aspect, Small complex of 17 lots * Zone E3 Productivity Support * Council $267.14 p/q, Water $238.70 p/q, Strata $1,856.21 p/q
Location and Accessibility: Situated in Menai's established business precinct, the property offers convenient access to major arterial routes: * A6 Highway: Provides connectivity to broader Sydney regions.
Auction
Wednesday 30th April 2025 at 5:00pm
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Stewart Maloney