62-64 Coachwood Crescent Alfords Point NSW 2234

Colliers is pleased to present 62-64 Coachwood Crescent, Alfords Point - an exceptional, fully leased investment with significant development potential in the dynamic Sutherland Shire market, surrounded by a robust residential catchment.

This unique opportunity features a fully leased Shire Neighbourhood Retail Shopping Centre with six long-term tenancies. The property also offers considerable development prospects, with concept plans for a 100-place childcare facility and café, subject to council approval (STCA).

Key features of 62-64 Coachwood Crescent include:

- Prime land area of 1,489m²* with development potential
- Immaculate corner building with a net lettable area of 560m²*
- Single-level shopping centre, underpinned by six longstanding tenants
- Gross income of $226,016 per annum + GST, which is below benchmark rents
- Short term WALE (by income) 1.34 years providing excellent rental reversion potential
- Assessed net market income of $500,000 per annum net + GST ($5,000 per place) once fully developed into a childcare facility and café (STCA)
- On-site parking with 13 car spaces and additional street parking
- One of the only neighbourhood shopping centres in the Alfords Point residential area
- Positioned adjacent to Alfords Point Public School and within a large residential catchment
- Compounding fixed annual rent reviews across all tenants, ensuring long-term income growth
- Separate driveway access to the rear loading dock area
- Supported by holding income with demolition clauses in all leases, facilitating preparation for Development Applications (DAs) to maximise GFA and return
- Sutherland Shire's 2023 population is 236,197, with healthcare and social assistance being the largest industry within the LGA, generating $1.5 billion annually

62-64 Coachwood Crescent will be offered for sale via an Expressions of Interest (EOI) campaign closing on Thursday, 12th September 2024 at 3:00pm (AEST) unless sold prior.

For more information or to arrange an inspection please contact the exclusive Colliers selling agents.