Name: 49-53 Simmat Avenue, Condell Park, NSW, 2200
Address: 49-53 Simmat Avenue , NSW, Condell Park, NSW, 2200
Telephone: +61 488 748 186

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SOLD

49-53 Simmat Avenue, Condell Park, NSW, 2200

Properties / Sold / New South Wales / Condell Park

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Retail/Shopping Centre

Land Area

889 m² (*approx)

Zoning

Local Centre

Local Government

Canterbury-Bankstown

Selling Method

Auction: Thursday, 1st December 2022 at 2:00pm on site

Auction Date

1 Dec 2022 02:00PM

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2. Property Highlights

Rare Strip Retail In Tightly Held Suburb

Attractive and secure leases, all with three year options
Secure net income of $155,077.61 per annum*
Flexible B2 Local Centre Zoning

Colliers are excited to be marketing this rare strip retail gem with future upside for sale. Located in the tightly held suburb of Condell Park, 49-53 Simmat Avenueis home to three reliable and well-trading tenants who treat the property like their own. This investment sits on an 889sqm block of land and is absolutely perfect for savvy investors looking to diversify their portfolio.

Investment Highlights:
- Three reliable tenants operating as King of The Pack, La Fornaia Pizzeria and Fresh Land Fruit Shop.
- Attractive and secure leases, all with three year options.
- Secure net income of $155,077.61 per annum*.
- Outgoings 100% recoverable from all tenants.
- Diverse mix of tenants and tightly held location allow for good tenant retention and reduced investment risk.
- Combined net lettable area of 444.45sqm* across three tenancies.
- Flexible B2 Local Centre Zoning.
- Proposed LEP changes allow for an increase in Floor Space Ratio and Height Limit^.
- Considerable amount of parking on-site with 12 spaces.
- An abundance of value-add components for creative investors.

This incredible investment opportunity is available for sale via On-Site Public Auction on Thursday, 1st December 2022 at 2:00pm (AEDT).

For more information, please contact the exclusive selling agents.

*Approx. ^STCA