Two adjacent McMahons Point terraces are being brought to the market for the first time in four decades.
133-135 Blues Point Road, McMahons Point is a two storey commercial building comprising 461sqm over two levels. The ground floor houses Olivo Italian restaurant which has been established for over 35 years. Upstairs offers two professional suites with glimpses of the Harbour Bridge. The property benefits from seven onsite parking spaces and was fully refurbished in 2009 with fire rated and refurbished with pedigree kitchen fittings, under-floor copper piping and air-flow ducting.
Positioned in one of Sydney’s most prestigious suburbs, this popular strip is a short walk to North Sydney CBD and train station, with the waters of Sydney Harbour only 300 metres away.
CBRE’s Aaron McLean and Toby Silk are selling the well-maintained property on behalf of the owner, Tony Dear, at auction on September 6.
Mr McLean said that this is a rare opportunity due to the three secure tenancies in place and the superb location on the renowned restaurant strip of Blues Point Road.
“Solid lease terms are in place across all three tenancies, with a net income of $308,000. Property in the high-end McMahons Point Village is seldom offered to the market so we expect a high level of interest,” Mr McLean said.About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
