1049 Princes Highway Engadine NSW 2233

Quality freehold building leased to CBA from January 2016 plus
option extending to 2026.
Attractive 4.5% annual rent increases.
Extremely busy and long standing CBA branch, at this location for more than a decade.
Absolute central high street position in Engadine's tightly held
retail precinct and surrounded by banks and national retailers.
Immaculately presented with recent upgrades completed by CBA.
557 sqm site with wide street frontage plus exposure from council car park at the rear.
4 onsite car spaces.
Possible future development upside, underutilised zoning allowances (STCA). Engadine is entering a redevelopment phase.
Bank pays usual outgoings as per lease, including management fee (except air-con maintenance).
Estimated Net Income: $184,000 pa + GST.