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INCOME PRODUCING INVESTMENT WITH POTENTIAL UPSIDE

23-25 Malbon Street, BUNGENDORE NSW, 2621

For Sale

Property for Sale in 23-25 Malbon Street, BUNGENDORE NSW, 2621

CBRE Canberra City

Level 12, 14 Moore Street, Canberra, ACT 2601

Listing ID:
11340476
Status:
Active
For:
Sale
Price:
Contact CBRE Agent
Last Updated:
26/07/2019
Icon building

Property Type

Retail/Land/Development/Other
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Land Area

4166 SQM
Icon size

Floor Area

N/A
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Parking

N/A

INCOME PRODUCING INVESTMENT WITH POTENTIAL UPSIDE

Situated prominently on a corner site in Bungendore on Kings Hwy and just 30 minutes from Canberra CBD, sits this large 4,166sqm* site comprising of 3 separate lots to be sold in one line.

Zoned B2 Local Centre and R1 General Residential, this site offers the astute investor a fully-leased gross income of $228,000pa* with potential for future expansion/development given the surplus land.

Lot 1 DP 1074821: The Village Square provides for a range of specialty shops, a Cafe and Diner with ample dedicated parking at the rear as well as on street parking.

Tenant Details:
Shop 1&2 - Vacant
Shop 3 - B'Town Kids (expiry 1/12/18; in holdover)
Shop 4 - Jemayca Red Boutique (expiry 30/09/19; 1 x 1yr opt)
Shop 5&6 - Bliss Fur Dogs (expiry 30/09/20; 1 x 1yr opt)
Shop 7&8 - Big Green Cup (expiry 31/01/23; 1 x 2yr opt)
Shop 9&10 - Station Shops (expiry 30/04/20; 1 x 1yr opt)
Shop 11&12 - RnR's (expiry 04/05/20; 1 x 1yr opt)

Lot 3 DP 595885:

Tenant Details:
Whole tenancy - R.A.R.E (Retro and Record Emporium) (expiry 31/05/19; 1 x 3yr opt)

Lot 4 DP 595885:

Tenant Details:
Residential lease - expiry 31/01/20; 1 x 1yr opt)

This site must be sold with the Expression of Interest campaign closing 18th April 2019 at 4:00pm (AEST).

*approx.

For more details, please email agent

CBRE Canberra City

Level 12, 14 Moore Street, Canberra, ACT 2601


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