TAB 23 Bankstown City Plaza Bankstown NSW 2200

Colliers is pleased to present for sale 23 Bankstown City Plaza, Bankstown, a prominent 2-level freestanding retail building is 100% leased to blue-chip tenant TAB Limited, Australia's largest gambling company on a 5 + 5-year lease.

The subject property is positioned in the centre of the prime Bankstown City Plaza with heavy pedestrian walking traffic ad-joining the laneway leading straight to Bankstown Sports Club and directly opposite Bankstown railway station.

• Rare investment gem in the prime retail location of Bankstown City Plaza
• 100% leased to blue-chip tenant TAB Limited on 5 + 5-year lease to 2031
• 2-level freehold building with rear lane access and adjoining walkway leading to Bankstown Sports Club
• Longstanding TAB with strong annual rental increases of 4%
• Rent - $175,922.51* per annum + GST (as at May-24)
• Net lease structure with outgoings payable by TAB
• Site area: 330m²*, building area: 588m²*
• Zoned B4 mixed use with existing FSR 2:1 & height limit of 17 metres
• TAB is Australia's largest diversified gambling and entertainment group with a market capitalisation of $1.06 billion. Source: ASX (2024)

TAB Bankstown will be for sale via Public Auction on Thurs-day 28 November 2024 from 12:00pm at Colliers Sydney Office, Level 30/225 George Street, Sydney NSW 2000.

*Approx.
^Disclosure: A rental abatement of $1,086.07 (excluding GST) per month is applicable on the current rent. Prior to settlement, the Vendor will fully cover and pay out the abatement. Adjustments will be made in favour of the purchaser upon settlement.