Exceptional Investment Opportunity: Prime Commercial Space with Robust Rental Yield
51 Connells Point Road, South Hurstville NSW 2221
Auction 21/05/24
RetailSize: n/a
Block size: 2398 m² approx.
CPG is delighted to announce the sale of a premier ground floor commercial/retail space via public auction, boasting a secure long-term lease to a reputable allied health services tenant. This investment shines with a strong NET yield of approximately 6%, combining stability with lucrative returns.
Strategically positioned at the bustling intersection of Connells Point Road and King Georges Road, this property is not just a sound investment but a beacon for professional visibility. Its significant floor-to-ceiling glass façade, complemented by rear access and ample parking (7 allocated spaces plus visitor parking), makes it an enviable location for any modern business seeking to maximize exposure.
Investment Highlights:
Expansive Commercial Offering: 164m²* of commercial space paired with an additional 48m²* office/storage area, culminating in 212m²* of titled space.
Stable Income Stream: Anchored by a high-quality allied health tenant, ensuring a secure rental yield of $70,065.00 pa Gross + GST.
Lease Details: Favourable lease terms with a 5-year initial period plus a 5-year option, promising long-term stability.
Premier Fit-Out: The space features an immaculate fit-out and is meticulously maintained, enhancing property value.
Modern Construction: Built in 2019, the property stands out with its contemporary design and construction quality.
Unmatched Exposure: Benefits from high vehicular traffic daily, offering exceptional visibility and signage opportunities.
Convenient Access: Dual entry points through the striking glass frontage or the discreet rear access door.
Parking and Accessibility: Includes 7 basement parking spaces dedicated to the property, with the added advantage of potential depreciation benefits for investors.
Prime Location: A mere 1.3km from Hurstville CBD and train station, ensuring convenience and connectivity.
For more information or to arrange an inspection, contact Ryan McMahon on 0429 228 460 or Jackson Chambers on 0476 001 048.
Open For Inspections:
1:00pm to 1:30pm Wednesday's
17th & 24th April, 1st, 8th & 15th May 2024
Auction:
Tuesday 21st May 2024 at 6:00pm
In Room at Cronulla RSL Club
(38R Gerrale Street, Cronulla NSW 2230)
*Approximate
Strategically positioned at the bustling intersection of Connells Point Road and King Georges Road, this property is not just a sound investment but a beacon for professional visibility. Its significant floor-to-ceiling glass façade, complemented by rear access and ample parking (7 allocated spaces plus visitor parking), makes it an enviable location for any modern business seeking to maximize exposure.
Investment Highlights:
Expansive Commercial Offering: 164m²* of commercial space paired with an additional 48m²* office/storage area, culminating in 212m²* of titled space.
Stable Income Stream: Anchored by a high-quality allied health tenant, ensuring a secure rental yield of $70,065.00 pa Gross + GST.
Lease Details: Favourable lease terms with a 5-year initial period plus a 5-year option, promising long-term stability.
Premier Fit-Out: The space features an immaculate fit-out and is meticulously maintained, enhancing property value.
Modern Construction: Built in 2019, the property stands out with its contemporary design and construction quality.
Unmatched Exposure: Benefits from high vehicular traffic daily, offering exceptional visibility and signage opportunities.
Convenient Access: Dual entry points through the striking glass frontage or the discreet rear access door.
Parking and Accessibility: Includes 7 basement parking spaces dedicated to the property, with the added advantage of potential depreciation benefits for investors.
Prime Location: A mere 1.3km from Hurstville CBD and train station, ensuring convenience and connectivity.
For more information or to arrange an inspection, contact Ryan McMahon on 0429 228 460 or Jackson Chambers on 0476 001 048.
Open For Inspections:
1:00pm to 1:30pm Wednesday's
17th & 24th April, 1st, 8th & 15th May 2024
Auction:
Tuesday 21st May 2024 at 6:00pm
In Room at Cronulla RSL Club
(38R Gerrale Street, Cronulla NSW 2230)
*Approximate
Inspections
No open inspections scheduled.
Send an enquiry
Contact Ryan McMahon to learn more about this property, request an inspection or take an online tour.
Auction
Tuesday 21 May, 6:00pm
Cronulla RSL Club 38R Gerrale Street Cronulla NSW 2230
Key details
Garage Spaces:
7
Property type:
Retail
Block Size:
2398 m²*
Other Details
Lot:
55
Plan Type:
SP
Plan:
99144
Legal description:
55/SP99144
Maps and area information
Block information
Block size: 2398m² (approx)
Legal description: 55/SP99144
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
31 Jan 2017
Sold
$2,465,000
Contract: 21/11/2016
Transfer: 31/01/2017
Block size: 506m²
Transfer type: Full transfer
Purpose: Residence
South Hurstville suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
5,221
Listing ID: 182447253. This listing has been viewed 0 times. It was first displayed on 15/04/2024 and last updated on 15/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.