CommercialReady.com.au are showcasing the top 5 most intriguing retail sites that are currently up for sale across Australia.
From shopfronts to petrol stations and everything retail-related, check out the latest sites that are now trending nationally. Whether you’re looking to buy, sell or research the market, our top 5 chosen sites will definitely catch your eye.
NSW: Corner Block in the Heart of Brighton-Le-Sands
279 Bay Street, Brighton-Le-Sands
Situated in a strong retail location and driving much foot traffic each day, the corner block at 279 Bay Street presents a multi-tenanted mixed-use investment featuring retail, commercial and residential lots. With a building area of 619m2* and a site area of 375m2*, the fully leased site generates a net return of approximately $324,264 pa - ideal for investors to pounce on.
The property is up for sale for $8,500,000 going concern and has been listed by Industrial Zone Real Estate.
VIC: Big Bird Pizzeria
A pizzeria in a trendy pocket of Prahran is currently on the market in Victoria. Featuring a building size of 85m2* along with one car space, the tasty investment offers a 5 year lease to ‘Big Bird Pizzeria’ with 2 x 5 year options and 3.5% annual increases. The retail site generates approximately $64,273.50 pa plus GST & outgoings.
The property is for sale via public auction (unless sold prior) on Thursday May 13th 2021 at 12:30pm (on-site). Melbourne Acquisitions in conjunction with Allard Shelton lead the campaign.
VIC: Caltex
50 Middleborough Road, Burwood East
Globally renowned Petrol Station, Caltex along with convenience retailer from EG Group is on the market in a popular suburb in Victoria. Placed on Middlesborough Road and adjacent to Burwood Highway, these highly trafficked main roads receive an estimated 22,000 and 36,000 vehicles respectively per day. The Petrol station lies near the Burwood Heights Shopping centre, which contains Woolworths, a 394* space carpark and other known retailers. The site generates an approximate net annual income of $117,558 via a 5 year lease.
Stonebridge Property Group are the selling agents on the property, which is for sale by expressions of interest, closing 12th May at 5pm.
QLD: ANZ & BOQ Banks
24-28 Griffith Street, Coolangatta
Two ASX-listed tenants in ANZ & BOQ have hit the Market in Queensland. Located a block away from Coolangatta beach, the beachside investment surrounds itself amongst a large shopping strip full of shops, cafes and restaurants. The high-tech modern banks have a total building area of 360sqm* (ANZ - 185m2 & BOQ - 175m2). The site features a street retail frontage of 19.8m and contains dual street frontages. The investment generates a net income of $252,586pa + GST.
Colliers are the listing agents for the site, which will be auctioned off on Thursday May 13th at 11am (In-rooms at Colliers Offices)
WA: Brand New Boutique Retail Opportunity
40-42 Glyde Street, Mosman Park
Coming Soon - 3 boutique retail suites, ‘NOMA’ is currently being built in Western Australia. Situated in a well-established area, the upcoming retail site sits close to Mosman Park train station, as well as a large array of Perth’s highest quality cafes, restaurants and schools. The 3 modern units for sale range from 64-66m2 and each include 2 car bays. Construction has commenced with completion expected in July 2022 along with settlement anticipated for August 2022. The units range from $528,000-$580,000.
Contact LJ Hooker Commercial (Perth) to register interest on this exciting retail development.
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Each week the top 5 sites from a different asset class will be chosen
