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PENRITH NSW, 2750

For Sale
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Property for Sale in PENRITH NSW, 2750

LJ Hooker Commercial Penrith & Badgerys Creek

16 Lawson Street, Penrith, NSW 2750

Listing ID:
11398408
Status:
Active
For:
Sale
Last Updated:
04/08/2021
Price:
$3,750,000 (Going Concern)

Property Type

Retail

Land Area

N/A

Floor Area

1228 SQM

Parking

N/A

Investment With Long Term Lease

- Two road exposure with High Street address
- Rarely offered
- One of five shops in a small complex
- B4 Mixed Use
- Currently leased to Fernwood Fitness Centre
- 1,228sqm (approx.) building including 321 sqm (approx.) of mezzanine
- Ample onsite parking

Tenancy Schedule:
Tenant: Fernwood Investments Pty Ltd
Lease Start: August 2020
Lease Term: 10 years
Lease Option: 3 years + 5 years
Net Income: $149,000 Per Annum
Rent Review: Fixed at 3.5%
Current yield, just under 4%

Inspection strictly by appointment

For more details, please email agent


Video & Interactive Tour

LJ Hooker Commercial Penrith & Badgerys Creek

16 Lawson Street, Penrith, NSW 2750


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