CBRE as the exclusive listing agent is pleased to present 28-34 West Parade, West Ryde to the market.
Tenanted to Koorong, a beloved Christian community bookstore, this premier offering is a three (3) level commercial freehold property with basement and attractive car parking available on title. The property features an encapsulating modern and inviting atmosphere for customers with office amenities for staff in addition to an internal café, children's play area, basement storage and loading dock, meeting rooms and employee break out areas.
Punctuated by its commanding presence on the corner of West Parade (62m*) and Anthony Road (36m*), the property is situated directly opposite West Ryde Train Station & Bus Interchange permitting fantastic signage exposure and extreme ease of accessibility. 28-34 West Parade's inclusion within the West Ryde Town Centre masterplan permits future optionality as the City of Ryde plans to rejuvenate the Town Centre.
28-34 West Parade, West Ryde benefits from the following key attributes:
Significant net income of $390,737* per annum
Favourable lease conditions including tenant paying 100% of outgoings, 3% fixed annual rental increases and company guarantee equivalent to 12 months' rent
Attractive three (3) level commercial freehold with basement and convenient on-grade parking on title for 32 cars
Longstanding popular national tenant Koorong, Australia's leading Christian community bookstore
Expansive total land holding of 2,129sqm* & internal area of 2,692sqm*
Modern and inviting bookstore fitout with café and children's play area
High volume foot and vehicle exposure via attractive corner position opposite West Ryde Train & Bus Station
Ideally positioned in proximity to West Ryde's amenities including West Ryde Marketplace, Coles West Ryde plus direct access to Victoria Road allowing travel to Parramatta & Sydney CBDs
Set within the West Ryde Town Centre masterplan 'Study Area' by the City of Ryde, aimed to reinvigorate the town centre permitting future optionality and development potential (STCA)
28-34 West Parade, West Ryde is offered For Sale via an onsite Public Auction on Thursday, 6th March 2025 at 2pm (AEDT).
For more information or to request access to the due diligence room, please contact the exclusive sales agent.
*Approximate. Outline & Labels Indicative. Subject to Council Approval (STCA).
