Super-Prime Retail Investment Opportunity !!!
Outstanding Two Storey Retail/Commercial Asset situated in the heart of Hurstville’s bustling Town Centre.
Strategically located at only 300 metres from Hurstville Train Station ………........they don’t come much better than this one !

• Fully Leased to H T Wills Real Estate, in existence since 1934.
• 10 Years Lease-Back (4years + 3 years + 3 years).
• $165,000 PA Net (incl. GST) – Tenant pays all statutory outgoings.
• Net Lettable Area 218 square metres approx.
• Plus 6 open-air car spaces at the rear of building.
• Land Area 245 square metres approx.
• Situated directly opposite one of Westfields’ main entry points.
• Zoned MU1 – Georges River Council LEP 2021

Solid two-storey Retail/Commercial building in pristine condition. Superbly located in Hurstville’s main retail strip, directly opposite one of Westfields’ main entry points.
169 Forest Road was fully renovated only 10 years ago, and meticulously maintained ever since by the current long-term owners……….as such, 169 Forest Road, Hurstville represents a superb, carefree investment opportunity with strong long-term potential for growth and outstanding redevelopment potential, in one of Sydney’s major retail/commercial centres !

Hurstville, a suburb in Southern Sydney, is situated 16 km south of the Sydney CBD, is the Commercial/Retail hub of the St George District and the administrative centre of the Georges River Council local government.

Hurstville is a large, multiethnic suburb with a multitude of commercial buildings and high-rise residential buildings dominating the skyline. The commercial area is centred on the main street, Forest Road, on the northern side of Hurstville railway station.

Forest Road is the main shopping street which features branches of many retail shops as well as numerous banks (Commonwealth, ANZ, National Australia Bank, Westpac, St George, HSBC, Bank of China) and other financial institutions.

Outgoings:
• Council Rates: $10,554 p.a.
• Water Rates: $ 765 p.a.
• Land Tax: $22,516 p.a.
• Building Insurance: $9,945 p.a.

Summary of Planning Controls:
• Local Authority: Georges River Council
• LEP: Georges River LEP 2021
• Land Zoning: MU1 – Mixed Use


FOR SALE via EXPRESSIONS OF INTEREST
closing Thursday 25th April 2024 at 4:00pm

Inspect by Appointment Only

For further information or to discuss the opportunity in detail, please contact:

Gianni Pasini
Manager - Project Marketing
M: 0411 396833
E: gianni@htwills.com.au


John Lim
Senior Associate - Projects
M: 0469 968698
E: johnlim@htwills.com.au