1510 Burragorang Road, Oakdale

Top Investments, Favorable Terms

Apartment | For Sale

2 bedrooms
1 bathrooms
4660 m2
Contact for price
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Description

Willing Vendors, Wanting to sell
Existing Shopping Centre consisting of 10 shops, plus 2 x 2-bedroom residential units, above the shopping center,
all shops are fully equipped by the owner, consisting of hairdresser shop, pizza shop, take away shop, dental surgery, medical Centre, Liquor shop, plus Food work supermarket,
all fully equipped, total costs of equipment over $530,000,
land area for this shopping Centre is 1800 m2, located at 1520 Burragarong Rd, plus we are selling the adjoining 2 properties, with DA & CC approval for an extension on the existing shopping center, the address of the adjoining 2 lots is 1510 & 1516 Burragarong Rd, you have a choice whether to buy the existing shopping Centre only, or buy the 3 sites, & combine them, having a large shopping Centre,
the adjoining Approved site is approved for further 7 shops, plus 4 x 3 bedroom units, plus service station & Car wash,
land area on 1510 & 1516 is 2799 m2, total site is 4660 m2 ,
on completion of the construction of the whole site will consist of , 17 shops, plus 6 units, plus petrol station & car wash, potential to get more units under section 96 STCA, concrete slab is completed on the new site, ready to build,
great development Opportunity, Food work are doing so well they just signed new 15 years lease on existing shops, they have indicated they will take up the adjoining new shops to add to existing as well, and become the main tenant, Food work, has just signed new 15 years lease on the exiting shopping Centre they have 6 shops in the existing Centre, plus the Take away shop has just signed new 6 year lease,
wide street frontage, current valuation of the 3 sites $ 6.6 Million, has parking area,
long leases, current rental return $230,416 Per Year for 1520 only, potential rental on completion of 1510 -1516 that will be generated when construction are completed, over $480,000 per year , total rental return when it is all built ,will be over between $600,000 to $640,000 per year,
tremendous Growth in the area, this shopping Centre is the major shopping Centre catering for surrounding suburbs, plus potential 1000 new homes are being built in the area, wide frontages 45 meters, Located in excellent & Exposed location, Close to schools, Parks, 25 minutes away from the new airport. That will be completed by 2026
Strong Yield, Potential to expand, Growing residential Area,
Buy now and save, Close to all shops, railway, cafes, transport, parks, schools, motorways outdoor open space, Prime location, well presented, all conveniences available, total building for sale

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