3-4/55 Sorlie Road, Frenchs Forest, NSW 2086

Retail

Sold

  • Property ID: 422275
  • Floor Area: 234m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 13/02/2023 234m2 N/A Contact Agent
Premium Retail Investment with National Tenant – Net Yield 5.75%

* Total internal area: 234m2
* Long standing secure tenant on a 5+5 year lease
* DA approved gym operation
* Two separate lots combined for this tenancy – offering great future flexibility
* Modern security building in tranquil setting
* Excellent street/signage exposure with full height glass windows
* Ducted A/C throughout
* Currently fitted out as a gym operation with reception, open floor space, 3 separate offices and a breakout room
* 2 bathrooms with showers included
* 4 car spaces on title
* 2 additional separate storage rooms on title
* Common disabled bathroom facilities
* 29 visitor under cover car park with internal lift and additional street parking out the front and surrounding streets
* Disabled access from the street or lift from visitors car park
* Zoning - B1 Neighbourhood Centre
* Outgoings - $17,848 per annum approx.

Lease Details;
* Tenant – Vision Personal Training Studio (Gym)
* 5 + 5
* Expiry – April 2025
* Reviews – 2.5% annually
* Security – $20,853.30
* Net Rent – $88,253 + GST
* Outgoings – 100% payable by the tenant

Neatly positioned on the ground floor fronting directly onto Sorlie Road, with its leafy surrounds and community feel, this shop is perfectly situated close to all local amenities. Moments away from schools, Lionel Watts reserve and Frenchs Forest showground, Glenrose Shopping Village, bus stops and main roads, the property is very well placed in terms of connectivity, convenience and accessibility.

Call Vincent West on 0403 444 000 or Oliver Rosati 0428 877 888 today for your inspection.

**All rentals are per annum and quoted areas/measurements are approximations only**

Frenchs Forest Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $516 ---
Offices --- $426 ---
Industrial $4318 $321 7.43%
This is the average advertised price, rent and yield for Frenchs Forest, NSW 2086*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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