Shop 1/1 Magdalene Terrace Wolli Creek NSW 2205

Colliers are excited to offer Shop 1/1 Magdalene Terrace, Wolli Creek to market via Public Auction on the 10th of March 2022

The asset represents an outstanding strata retail opportunity surrounded by residential and retail complexes with close proximity to Wolli Creek Train Station. Tenanted by a Global retailer and quality restaurant, this strata investment offers the astute investor the potential for a low-risk income stream.

Key Investment highlights Include:
- Vibrant South Sydney location, moments to Wolli Creek Station, buses that transport you to Town Hall, Circular Quay or Wynyard in less than 30 minutes.
- Situated in the 'Village Square' of Wolli Creek, the property benefits from high levels of passing pedestrian and vehicular traffic.
- Meticulously renovated in 2021 with Quality restaurant fit-out and small retail offering.
- High exposure corner retail site, benefitting from 3 frontages and 2 separate entrances.
- Near new 5-year lease to 2026 plus options to 2031.
- Net lease with tenant paying all outgoings.
- Annual fixed 3% rental increases ensuring consistent value growth.
- Net Income: $123,600 pa + GST

For more information or to arrange an inspection, please do not hesitate to contact our team