+13 Photos

SOLD

31a-37 Selems Parade, Revesby, NSW, 2212

Properties / Sold / New South Wales / Revesby

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

1,872 m² (*approx)

Selling Method

Auction: Wednesday, 1st May 2019 at 10:30am (AEDT)

Show All

2. Property Highlights

STRIP RETAIL GEM WITH UPSIDE

Colliers International are pleased to exclusively offer For Sale by way of Public Auction, a strip retail investment with significant development upside located at 31A-37 Selems Parade, Revesby. The property, entailing seven retail shop fronts, is part of the Central Revesby precinct and is located in the heart of Revesby local retail shopping precinct with high foot traffic, strategically positioned in close proximity to the train station and amenities.

This rare land holding in the tightly held commercial precinct of Revesby boasts popular local and national brands such as Pizza Hut, Villaggio Bar Café, Dough Boss and Stumpy’s Burgers. The property presents a golden outlook for investors, developers and astute buyers to capitalise on several upside and value-add opportunities such as a mixed-use development, rental reversion or future lot sell down.

Investment highlights:

100% leased investment across seven shops and six separate tenancies
Net rental income of $309,766 per annum*
Demolition clauses incorporated across all leases for future development upside (STCA)
Fixed annual increases for several leases at 4%
Significant land holding of 1,872sqm*
Expansive Net Lettable Area of 607sqm*
Mixture of tenants presents security of income and low investment risk
Holding income with development upside
Mixture of Freehold and Strata Units across eight lots benefiting for future lot sell-down

31A-37 Selems Parade, Revesby is being offered for sale by way of Public Auction on:

Wednesday, 1st May 2019 at 10:30am (AEDT) at

Cooleys Auctions, Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000

For more information and a copy of the Information Memorandum, please contact one of the below exclusive selling agents.

Remember to mention you found this property on DevelopmentReady