39 The Centre,
Forestville, NSW 2087
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
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PREMIUM INVESTMENT – SOLD SUB 5% YIELD CONTACT AGENT FOR MORE DETAILS
- FREEHOLD INVESTMENT WITH UPSIDE
- LONG LEASE TO JETTS FITNESS
- PRIME RETAIL LOCATION IN SHOPPING MALL
Colliers International are pleased to present 39 The Centre, Forestville for sale via the Colliers International National Auction Portfolio. This outstanding freehold retail asset offers the astute investor a high quality building in a prime location with an ultra-secure covenant and genuine future growth potential.
Key features include:
• Holding prime position in ‘The Centre’, Forestville’s main retail hub
• Double freehold block of 366sqm provides expansive frontage to retail strip
• ‘The Centre’ is anchored by Coles supermarket and is supported by many national tenants, cafes and specialties
• Leased to award-winning Jetts Fitness on a long 7+7+7 lease with attractive terms, gross income of $166,000 per annum, low outgoing costs
• Genuine potential for significant rental growth in the future, showing a current discount compared to neighbouring properties
• Long term development upside with current zoning allowing for mixed use development incorporating shop top housing
• Recent major services upgrades including new roof and air-conditioning system, low future capital expenditure
• Major infrastructure projects underway in the immediate area, including construction of the Northern Beaches Hospital
• Forestville is a highly sought after residential area, driving retail spending in the precinct
• Multiple council cark parks offer visitors ease in shopping
• Footsteps to many local amenity and transport to beaches, Chatswood and CBD
For sale by public auction on Wednesday 9th November, commencing at 10:30 am.
For further information on this exciting opportunity please contact exclusive agents.
Key features include:
• Holding prime position in ‘The Centre’, Forestville’s main retail hub
• Double freehold block of 366sqm provides expansive frontage to retail strip
• ‘The Centre’ is anchored by Coles supermarket and is supported by many national tenants, cafes and specialties
• Leased to award-winning Jetts Fitness on a long 7+7+7 lease with attractive terms, gross income of $166,000 per annum, low outgoing costs
• Genuine potential for significant rental growth in the future, showing a current discount compared to neighbouring properties
• Long term development upside with current zoning allowing for mixed use development incorporating shop top housing
• Recent major services upgrades including new roof and air-conditioning system, low future capital expenditure
• Major infrastructure projects underway in the immediate area, including construction of the Northern Beaches Hospital
• Forestville is a highly sought after residential area, driving retail spending in the precinct
• Multiple council cark parks offer visitors ease in shopping
• Footsteps to many local amenity and transport to beaches, Chatswood and CBD
For sale by public auction on Wednesday 9th November, commencing at 10:30 am.
For further information on this exciting opportunity please contact exclusive agents.
Property ID: 502140310Last Updated: 12 May 2020
04056936...
39 The Centre
Forestville, NSW 2087
Detailed listing
Colliers - Sydney NorthLevel 42, 100 Miller Street
NORTH SYDNEY, NSW 2060
NORTH SYDNEY, NSW 2060
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