CBRE as the exclusive listing agent Is pleased to present to market 1 Chatham Road, West Ryde, an iconic high-profile investment opportunity nestled within West Ryde Town Centre.
Leased to 'Seoul Mart Asian Grocer' the property has become an extremely popular establishment for locals and specialises in premium Korean produce. The property benefits from highly desirable lease conditions including a secure current term to 2028 plus 7 year option to 2035, fixed 4% annual rental increases, tenant pays 100% share of outgoings and a net annual income of $257,369*.
1 Chatham Road, West Ryde benefits from the following key attributes:
7 year term to 2028 with 7 year option to 2035
Desirable fixed 4% annual rental reviews
Tenant pays 100% share of outgoings
Producing a strong net income of $257,369* per annum with rental reversion opportunities
Comprising a total land area of 392sqm* and a generous internal area of 490sqm*
Popular tenant revered by locals specialising in premium Korean produce
Prolific corner position with 3 street frontages to Chatham Road, Market Street and Graf Avenue affording high profile vehicular and pedestrian exposure
Positioned directly opposite an upcoming mixed-use residential development permitting heightened future exposure
Set within the West Ryde Town Centre masterplan 'Study Area' by the City of Ryde, aimed to reinvigorate the town centre
Ability for future rental reversion potential to increase rental return
1 Chatham Road, West Ryde is offered For Sale via an on-site Public Auction on Friday, 16th of May 2025 at 1pm (AEST).
For more information or to request access to the due diligence room, please contact the exclusive sales agent.
*Approximate. Outline & Labels Indicative.