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Investment sale. Auction

Miranda 455 The Kingsway

Well located on a busy intersection of Kingsway and Port Hacking Road in a rapidly expanding residential and commercial precinct and is within every convenience that you can imagine, only moments to Westfield Miranda, excellent schools and public transport.

Key selling points:-
– Long established Service Station
– Renewed Five (5) year lease to Woolworths Limited to 2022 with options to 2032
– Lease to Dino Mechanical Workshop who have been in these premises over many years on a new Three (3) x Three (3) years
– Corner allotment of 1410 Sqm (approx.)
– Current rent – $454,000 per annum
– New pumps, large canopy and store
– The workshop has basement parking and storage via 2 driveways
– Strategically positioned at a major intersection with exposure to 40,000 passing daily
– Woolworths petrol: Network of over 600 petrol stations across Australia with Sales of $4.6 billion (2015/16)
– Building area 810 meters approx
– Two titles

Don’t miss this rare opportunity to purchase a Sydney Metro Service Station

Michael Buium 0408 385 385
Ciara O’Connor 0407 192 755

Agent Information

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Ray White City South
Phone: +61(2) 9289 8989
Address: Level 1 - 770 George Street
Sydney,  NSW 2000
Agent: Michael Buium
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Property Details

Total Area: 810 sm
Other: 810 sm
Land Area: 1410 sm
For: sale
Type: commercial
Zoning: business
Parking: Plenty
Property ID: 10104