40-42 Gardeners Road Kingsford

Superb Commercial Investment with Sensational Rental Income

Potential Redevelopment Site - Whole Building to Be Offered in One Line.

A rare opportunity to acquire this superb investment while benefiting from fabulous existing income:
Zoned B2 Local Centre. F.S.R 3:1 and height limit 24 metres. Current annual rental income is a combined $269,000 approximately. Right of way from Housten Road, giving the rear warehouse Rolla door access.
Close to all amenities, transport, Sydney Airport, University of NSW, Prince of Wales Hospital and new light rail interchange provides a quick 10m journey to Sydney CBD.

Site Area is 347.8m² Approx with 600m2 of lettable area, beautifully constructed building features concrete slab on ground and first floor.
The rental incomes for (5) lettable entities are as follows:
"Suite 1" - 237m²AFES $99,283 pa inc. GST

"Suite 2" – 80m²DFS $47,250 pa inc. GST

Shop 40 – 94m²DFS $44,982 pa inc. GST

Shop 42 – 94m²DFS $48,265 pa inc. GST

"Warehouse" 115m²DFS $30,089 pa inc. GST

TOTAL 620m²$269,869 pa inc. GST

The outgoings are approximately pa:
Water: $1,235 pa ex GST Council $5,438 pa ex GST
Kingsford is one of Sydney's most vibrant and connected suburbs. Perfect connectivity to amenities such as parks, beaches, Shopping Centres, supermarkets & main arterial roads is unmatched and like no other suburb in the Eastern Suburbs.

Contact: Carl Wilson for Information Memorandum 0410 668 333 or carl@homeea.com.au

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it. All interested parties should make and rely upon their own inquiries