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39-53 Railway Parade
Kogarah NSW 2217
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Sold on 26 Sep 2024

39-53 Railway Parade Kogarah NSW 2217

  • Shop & Retail
  • 471 m²
  • Sold, $0

Remarkable Freehold Investment - 9 Tenancies on 1 Lot - Kogarah CBD Location

    39-53 Railway Parade is a rare investment opportunity and remarkable freehold property, perfectly positioned in the heart of Kogarah Town Centre. First time offered to the market in 26 years. This outstanding asset comprises 9 tenancies on a single lot and boasts an impressive 40m* frontage to Railway Parade and directly adjacent to Kogarah Train Station and town centre. The property offers consistent rental returns, with the potential to secure new leases and maximize rental income.

    Key Features:

    - Prime Location: Situated within the core of Kogarah Town Centre, just 100 meters* from Kogarah Train Station.
    - Land Area: Generous 275m²* lot with significant frontage to Railway Parade.
    - Building Area: Overall provides 471m²* of building area accommodating multiple tenants and amenities.
    - Multiple Tenancies: Nine (9) tenancies a unique configuration offering diversified rental income.
    - Development Potential: Potential for additional levels or redevelopment (Subject to Council Approval).
    - Thriving Retail Strip: Surrounded by successful, long-standing businesses that benefit from strong foot traffic
    - Parking Convenience: Ample street parking and nearby Council car parks.
    - Zoning: MU1 Mixed Use flexible zoning to maximize development potential.
    - Current annual Net rental of $194,586.32* pa + GST, with ability to enhance current income.
    - First Time offered to market in 26 years. Prime core commercial retail assets such as 39-53 Railway Parade is rare to come by and therefore this opportunity should not be passed by any astute commercial investor.

    This first-class investment has consistently maintained low vacancy rates over many years, ensuring a steady and reliable rent income stream. It's ideal for investors seeking a secure return on investment or those looking to add value through redevelopment (Subject to Council Approval) or beautification to the existing building and improve the overall rental income potential.

    Open for Inspection
    By Appointment Only

    For Sale via Public Auction
    Wednesday, 25th September 2024 from 6:30pm
    Club Central, 2 Crofts Ave, Hurstville NSW 2220

    For further information, please contact the exclusive selling agents on their contact details below:

    Greg Carr
    0477 880 576

    Hayden Bennett
    0477 665 455

    Damen Astey
    0431 817 616

    *Approximate

    AUCTION

    Auction date and time25/09/2024 18:30
    Auction locationClub Central, 2 Crofts Ave, Hurstville NSW 2220
    Commercial Property Group Southern Sydney
    Commercial Property Group Southern Sydney
    239 Rocky Point Road
    Ramsgate, NSW 2217

    Property Highlights

    Date Sold26 Sep 2024
    Sold Price$0
    Floor Area471 m²
    Land Area275 m²
    ParkingAsk Agent
    Property ID2019449098
    Category
    Last updated  25 Sep 2024
    Map for 39-53 Railway Parade Kogarah NSW 2217

    Nearest transport* to 39-53 Railway Parade Kogarah NSW 2217

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    Commercial Property Group Southern Sydney
    Commercial Property Group Southern Sydney
    239 Rocky Point Road
    Ramsgate, NSW 2217

    Property Highlights

    Date Sold26 Sep 2024
    Sold Price$0
    Floor Area471 m²
    Land Area275 m²
    ParkingAsk Agent
    Property ID2019449098
    Category
    Last updated  25 Sep 2024

    Co-Agents

    Greg Carr
    Commercial Property Group Southern Sydney
    Call
    0477 880 576
    Hayden Bennett
    Commercial Property Group Southern Sydney
    Call
    0477 665 455

    More about 39-53 Railway Parade Kogarah NSW 2217

    39-53 Railway Parade Kogarah NSW 2217 is categorized as Shop & Retail Property. It has a floor area of 471 m² and a land area of 275 m². The listing ID for this property is 2019449098.

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