Commercial, Residential
Shell Randwick, 43-47 Frenchmans Road, Randwick, NSW, 2031
Property details
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Property ID:15845
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SOLD:$8,250,000
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Area:1245 m2 (*approx)
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Type:
Commercial: Office / Retail
Residential: Apartment Sites, Townhouse Sites
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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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