For Sale - Land/Development, Showrooms/Bulky Goods, Retail
LOWER NORTH SHORE FREEHOLD - TRIPLE NET LEASE WITH SIGNIFICANT LAND HOLDING
Highlights
2,535sqm* of Corner Positioned Land
Net Passing Income of $797,810* p.a
Triple Net Lease till 2026 plus option
Overview
CBRE as exclusive agents are pleased to offer 555 Pacific Highway, Artarmon to market for sale via Expressions of Interest closing on Thursday 16th July 2020 at 3pm (AEST).
This property represents a prime investment opportunity with significant land holding in Sydney’s tightly held Lower North Shore.
Tenanted by North Shore Ford, Australia’s second largest Ford retailer and part of the Peter Warren Automotive Group on a triple net lease, this property is a highly desirable addition to any investor’s portfolio.
Key attributes include:
• Rare Large Corner Position Land Parcel of 2,535sqm* in Sydney’s tightly held Lower North Shore
• Tenanted by North Shore Ford, the second largest Ford retailer in Australia
• Ultra-wide 83 metres* street frontage on Pacific Highway with high exposure
• Net Passing Income of $797,810.62 plus GST per annum*
• Secured long lease till 2026 plus 3 years option
• 600 metres* to Artarmon Train Station and Shops
• 1.1km* to Chatswood Train and Metro Station
• Set to Benefit from the proposed Draft Chatswood CBD Strategy and Draft Local Centre Strategy 2036 proposals by Willoughby Council
• Redevelopment potential echoing a potential reuse of Chatswood Metro Dive
For more information and access to the Due Diligence data room, please do not hesitate to contact the following exclusive agents.
CBRE
Danny Shi 0409 955 559
Tao Shi 0421 218 031
