Colliers are pleased to present 38 John Street, Cabramatta, For Sale by Worldwide Expressions of Interest.
Home to the Commonwealth Bank of Australia (CBA) for over 50 years, 38 John Street, Cabramatta is a once in a lifetime opportunity to secure a trophy asset along the vibrant and tightly held John Street, Cabramatta anchored by a very rare 10-year lease with options to 2043 to Australia's largest bank.
38 John Street, Cabramatta is a prominent double-storey retail & commercial building, backed by the state-of-the-art multi-million-dollar refurbishment on its imposing combined floorplate of 1,467 square metres* net lettable area (NLA) over two levels completed in December 2023.
Investment Highlights:
• 100% leased to CBA as double net lease structure
• Solid investment with rare 10-year lease and options to 2043
• Super prime and tightly held John Street retail location with wide 21 metre* frontage
• CBA is Australia's largest bank serving over 16 million customers annually
• Current net income: $1,065,408.83* per annum + GST as of 3 November 2024
• Cabramatta is a highly sought after Asian market with a strong demand from cashed businesses such as restaurants, supermarkets, fruit & veg and specialty stores
• Within the thriving heart of Cabramatta's vibrant shopping and dining precinct featuring a recent multi-million refurbishment completed in 2023
• Over 3 million people to call Western Sydney Home by 2031 and set to benefit from the upcoming $5.3 billion Western Sydney Airport
CBA Cabramatta, 38 John Street is for sale via Worldwide International Expressions of Interest closing on Thursday 28 November at 3:00PM (AEDT).
*Approx.