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Lot 83/7 Cross Street
Bankstown NSW 2200
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Sold on 30 Jul 2024

Lot 83/7 Cross Street Bankstown NSW 2200

  • Shop & Retail
  • 266 m²
  • Sold

Supreme Restaurant Investment Opportunity

  • Prominent corner position
  • Ultra-dense trade area
  • Passing Income: $92,881.80 per annum

On behalf of receivers and managers appointed HLB Mann Judd, Colliers is pleased to present for sale Lot 83/7 Cross Street, Bankstown, a secure ground floor strata retail restaurant on an attractive corner position to Cross Street & Stanley Street currently leased to an Italian restaurant.

Investment Highlights:

• Attractive restaurant premises on a prominent corner position to Cross Street & Stanley Street.
• Fully leased to La Pizza with 5-year lease to Dec 2025 plus option until 2030.
• 266m2* lettable area plus 3 car spaces
• Fully equipped with commercial kitchen, bar, dining areas, cool room, grease trap, exhaust & air-conditioning with exclusive use to 153m2* of 3 storage areas and retail.
• Current Gross Passing Income - $92,881.80 per annum* + GST (Dec-23)
• Value-add to further increase income at market review and future owner-occupier opportunity.
• 600m* from Bankstown Railway Station and moments to Bankstown Central Shopping Centre and newly built Western Sydney University.
• Canterbury-Bankstown LGA is expected to house 463,311 residents by 2036 which will be the second largest LGA in Sydney.

Lot 83/7 Cross Street, Bankstown will be For Sale by Private Treaty with a price guide of $875,000, all reasonable offers considered.

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

*approx.

Colliers International - Sydney
Colliers International - Sydney
Grosvenor Place Level 30/225 George St
Sydney, NSW 2000

Property Highlights

Date Sold30 Jul 2024
Floor Area266 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019263849
Category
Last updated  1 Aug 2024
Map for Lot 83/7 Cross Street Bankstown NSW 2200

Nearest transport* to Lot 83/7 Cross Street Bankstown NSW 2200

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Colliers International - Sydney
Colliers International - Sydney
Grosvenor Place Level 30/225 George St
Sydney, NSW 2000

Property Highlights

Date Sold30 Jul 2024
Floor Area266 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019263849
Category
Last updated  1 Aug 2024

Co-Agents

Matthew Meynell
Colliers International - Sydney
Call
+61 413 988 878
Andrew Bui
Colliers International - Sydney
Call
+61 451 028 428

More about Lot 83/7 Cross Street Bankstown NSW 2200

Lot 83/7 Cross Street Bankstown NSW 2200 is categorized as Shop & Retail Property. It has a floor area of 266 m². The listing ID for this property is 2019263849.

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