This is a great opportunity to own a trophy building in Bankstown's CBD about 100 metres away from Bankstown train station. Walking further away from the station is one of the busiest Vietnamese retail precinct in Sydney.

There are 4 retail shops in one line all with street fronts facing Bankstown City Plaza on the ground level and 14 commercial suites on the upper 2 levels. The building has rear lane access from Depot Place where public parking spaces are available.

The total lettable area is about 849 sqm. Majority of the retail and commercial lots are leased and the estimated rental income when fully leased is about $227,000 per annum + GST.
This investment vehicle offers a stable investment return as is, or it you can give it a total facelift into a modern commercial or medical centre.

Outgoings (approximate per annum):
Council rates $ 15,371
Water rates $ 6,473
Insurance $ 9,448
Land Tax $ 17,908 (taxable land value as at 31/12/2010 is $1,500,000)

Contact: Tom Touma 0411 618 8...