39-53 Railway Parade is a rare investment opportunity and remarkable freehold property, perfectly positioned in the heart of Kogarah Town Centre. First time offered to the market in 26 years. This outstanding asset comprises 9 tenancies on a single lot and boasts an impressive 40m* frontage to Railway Parade and directly adjacent to Kogarah Train Station and town centre. The property offers consistent rental returns, with the potential to secure new leases and maximize rental income.
Key Features:
- Prime Location: Situated within the core of Kogarah Town Centre, just 100 meters* from Kogarah Train Station.
- Land Area: Generous 275m²* lot with significant frontage to Railway Parade.
- Building Area: Overall provides 471m²* of building area accommodating multiple tenants and amenities.
- Multiple Tenancies: Nine (9) tenancies – a unique configuration offering diversified rental income.
- Development Potential: Potential for additional levels or redevelopment (Subject to Council Approval).
- Thriving Retail Strip: Surrounded by successful, long-standing businesses that benefit from strong foot traffic
- Parking Convenience: Ample street parking and nearby Council car parks.
- Zoning: MU1 Mixed Use – flexible zoning to maximize development potential.
- Current annual Net rental of $194,586.32* pa + GST, with ability to enhance current income.
- First Time offered to market in 26 years. Prime core commercial retail assets such as 39-53 Railway Parade is rare to come by and therefore this opportunity should not be passed by any astute commercial investor.
This first-class investment has consistently maintained low vacancy rates over many years, ensuring a steady and reliable rent income stream. It’s ideal for investors seeking a secure return on investment or those looking to add value through redevelopment (Subject to Council Approval) or beautification to the existing building and improve the overall rental income potential.
Open for Inspection
By Appointment Only
For Sale via Public Auction
Wednesday, 25th September 2024 from 6:30pm
Club Central, 2 Crofts Ave, Hurstville NSW 2220
For further information, please contact the exclusive selling agents on their contact details below:
Greg Carr
0477 880 576
Hayden Bennett
0477 665 455
Damen Astey
0431 817 616
*Approximate