$3,650,000

167 Forest Road, Hurstville, NSW 2220


OUTSTANDING FREEHOLD INVESTMENT OPPORTUNITY - PRIME POSITION

FIRST NATIONAL REAL ESTATE HURSTVILLE and HT WILLS ST GEORGE are proud to present For Sale this prominent freestanding building stretching over two street frontages, with ground floor retail shop and first floor offices as well as a large car park at the rear.


This asset not only boasts 100% occupancy but also features an excellent tenancy mix with the ground floor shop a Gift Store and offices upstairs which is fully renovated with ducted air conditioning.


The property boasts a fantastic Forest Road retail precinct and opposite the Entrance of Westfields and huge Hurstville Council carpark at rear all within proximity to Hurstville Central Shopping Centre and Hurstville Train Station. Supported also by other strong surrounding infrastructure and great surrounding amenities such as a private hospital, good schools, cafes and restaurants, all aiding in the strong customer foot traffic the property experiences.


Investors can benefit in the short to medium term from a strong income stream from established tenants with a larger bonus to be gained in the medium to longer term from the future development potential of the site.


Highlights:

- Zoned B4 Mixed Use
- Dual Street Frontage
- High Foot Traffic
- High Rise Development Potential S.C.T.A
- Site Area 240sqm
- Floor Space Ratio 4:1
- Building Height Limit 23 Metres
- Secure Income with 100% Occupancy
- Gross Income $137,800 + GST
- 6 Cars Spaces


Please contact Wayne Singh 0400885656 or Shirley Lau on 0410633688 for further information and or to arrange an inspection.

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DEMOGRAPHICS

Population
Average Age
57% Owner
32% Vacancy Rate
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