Colliers are pleased to present this ultra-prime strip retail investment in the heart of the Lower Blue Mountains region of Greater Sydney For Sale by way of Public Auction. The property at 147 Macquarie Road, Springwood is a single level retail building positioned in the heart of a bustling retail precinct.
With a current holding net income of $186,645* per annum, the property offers two (2) retail tenancies which have recently renewed their leases offering investors secure income and investment. Tenants have occupied the site for 41 years and 12 years respectively.
The key investment highlights are as follows:
Freehold commercial property in one of the Blue Mountains most popular retail locations with high pedestrian traffic
Recently commenced leases to secure and long-term tenants offering securing income, proven trading history, and diversified income
Dynamic B2 Local Centre zoning with a 1.5:1 Floor Space Ratio to allow for potential expansion of building and income (STCA)
Proximity to all key amenities including The Bunker Café & Bar (15m*), SUPA IGA Springwood (50m*), Springwood Station (250m*), Blue Mountains Theatre Hub (184m*)
147 Macquarie Road, Springwood will be offered for sale via Auction on Thursday 25 November 2021 at 10:30am (AEDT) at Cooley CBD Auction Centre, Level 5, Dexus Place, 1 Margaret Street, Sydney.
*Approximately.