Burgess Rawson is pleased to offer to the market this premium North Sydney IGA supermarket investment located at 231 Miller Street, North Sydney NSW for sale via Investment Portfolio Auction 175.

The opportunity has the following key investment highlights:

+ New 5 year net lease below to IGA to December 2029 plus option to 2034
+ IGA: national supermarket brand with over 1,400^ stores across Australia
+ Immaculate 265sqm* premises with important frontage of over 11m* to Miller Street
+ Valuable 1 car space and storeroom on title
+ Strategic central positioning in North Sydney’s CBD, and adjacent the brand new Victoria Cross Metro station
+ Exceptional connectivity to surrounding areas such as Sydney’s CBD, via public transport options such as the metro, train and bus lines
+ North Sydney: an integral part of North Sydney Council, a highly lucrative LGA with 107,754 local jobs and a Gross Regional Product of $23.37b^^
+ Attractive net lease with tenant responsible for 100% of all usual outgoings, as per the lease
+ Attractive fixed rent reviews of 3.5% annually, ensuring compounding rental growth
+ Easily managed premium tenant investment
+ Net Income: $180,000 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 25 March 2025
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information

*Approx
^iga.com.au
^^economy.id