Burgess Rawson is pleased to present 106 Storey Street, Maroubra NSW 2035 to the market for sale via our Investment Portfolio Auction 162.
The investment has the following key investment highlights:
+ Leased to Only About Children (OAC): premium operator boasting 75 centres nationally
+ 10 + 10 + 10 year lease extending to 2046
+ Compounding 3.25% annual rent increases
+ Strategically located 66 place centre
+ Blue chip 856sqm eastern suburbs landholding
+ Prominent Anzac Parade exposure, 400m* to Maroubra Junction & Pacific Square Shopping Centre
+ Strong education precinct with 10 primary schools within 2km*
+ Family friendly Maroubra – one of Sydney?s most iconic beachside Eastern Suburbs 7.5km* from CBD
+ Maroubra ? Affluent catchment, median house price of $2.8 million which is 2.2* times higher than Sydney median house price*
+ Attractive Land Tax free commercial investment (NSW only)
+ Net Income $315,752 pa + GST (as at November 2023)
To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday 1 August 2023
Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information
*Approx