498 Willoughby Road Willoughby NSW 2068

LJ Hooker Commercial Sydney is proud to present a blue-chip investment opportunity located at 498 Willoughby Road, Willoughby to the market for sale, via Public Auction. This is an exceptional opportunity to purchase a rare essential services investment in Sydney's Lower North shore suburb of Willoughby. This well-established property produces a strong and consistent income stream with 3% fixed rental increases per annum. The current lease together with the 3 x 5 year options will continue until 2039. The property is ideally located on a high profile corner of Willoughby. The strong underlying R3-Medium Density Residential zoning permits a number of significant development opportunities.

KEY PROPERTY ATTRIBUTES:
Well-Established BP Petrol Station
Leased to 2024 + 3 x 5 year options
Income: $214,929 + GST PA (approx.)
Tenant pays all outgoings (except Land Tax)
Fixed 3% yearly increases
Land size: 803 sqm
R3 Medium Density Residential Zoning
Land bank opportunity for residential development
Conveniently positioned on high profile iconic corner
Located opposite the Porsche Centre Willoughby
Only 8km from Sydney CBD

Please contact the exclusive sales agent for more information;
Steven Kruyer
M: 0414 404 070
E: skruyer@ljhc.com.au