8 Canal Road, St Peters NSW 2044

For Auction | Other | ID# 41711120042

Open for Inspection
By Appointment

Auction Time

Tue 4 Jun, 12:00pm

8 Canal Road, St Peters NSW 2044

A high profile building boasting enormous exposure to Canal Rd!!!

$3,000,000

Property

8 Canal Rd, St Peters NSW 2044

Lots 1-5 in DP 444042

Marrickville City Council

Location

The property is boldly positioned on the south-western side of Canal Rd, just short of its intersection to the Princes Highway predominantly amongst a number of other bulky goods/retail outlets and within approximately 900 metres from the IKEA retail and distribution outlet.

The property offers simple access to the major arterial road network including the Princes Highway, M5 Motorway, Marsh Street, Gardeners Rd, Unwins Bridge Rd, Railway and Bellevue Roads. St Peters is a suburb forming part of Sydney's inner west industrial precinct, approximately 7km south of Sydney's CBD, under the local government municipality of Marrickville.

Property Description

The property offers a first class light industrial/commercial/retail building featuring professional office suites over two levels, two retail showrooms, a high security clear span warehouse with rear mezzanine storage, staff amenities, on both levels including a full bathroom and kitchen.

A total building area of approximately 750sqm including on site parking for approximately 16 vehicles forms the total package.

Building area

750sqm (approx)

Site Area

1,200sqm (approx)

Lease Snapshot

Tenant:

Bally Australia Pty Ltd

Lease:

Commenced 1st April, 2008

Term:

6 Years

Rental:

$191,575.58 as at Nov 2008

Option:

5 Years

Reviews:

5% fixed annual increases with a market review

at the exercising of the option period.

Outgoings:

Tenant responsible for 100%

Net Rental:

$191,575.58

Tenant Profile

The property offers great security, being fully leased to Bally Australia Pty Ltd, one of the worlds high end fashion expert labels, boasting a most successful international profile synonymous with quality and elegance!

Method of Sale

Auction

Contact

Con Grigoriadis 0418 243 003 or 9518 8888

Email

con@pyrmontfn.com.au

Property Type Other
Property ID 41711120042
Street Address 8 Canal Road
Suburb St Peters
Postcode 2044
Price $3,000,000
Land Area 1,200 sqm
Building Area 750 sqm
Date Available Now