SOLD
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Commercial, Residential
Shell Randwick, 43-47 Frenchmans Road, Randwick, NSW, 2031

Property details

  • Property ID:
    15845
  • SOLD:
    $8,250,000
  • Area:
    1,245.00 m2 (*approx)
  • Type:

    Commercial: Office / Retail

    Residential: Apartment Sites, Townhouse Sites

  • Development Potential:
    Residential and Commercial Development Opportunity (STCA)
Agency information
Nic Simarro
Dylan McEvoy

Overview

RARE EASTERN SUBURBS INVESTMENT WITH DEVELOPMENT UPSIDE (STCA)

SOLD

  • 1,245sq. m* land parcel with residential / commercial development upside (STCA)
  • Triple net lease with 2* years and 1 x 5-year option remaining
  • Viva Energy Australia to remediate site to highest and best use at end of term
  • Net income $211,104* p.a., all outgoings paid by tenant including land tax
  • Located 1.2km* from Randwick light rail & 2.2km* from Clovelly Beach
  • Corner position in central Eastern suburbs location
  • Zoned: B1 Neighbourhood Centre, FSR: 1.5:1 

* Approx

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