1044 Forest Road,
Lugarno, NSW 2210
Key property information
Map of 1044 Forest Road
Train stations within 5 km of 1044 Forest Road, Lugarno, NSW 2210 Distance Riverwood Station 3 km Oatley Station 3 km Padstow Station 3.2 km Mortdale Station 3.2 km Como Station 3.6 kmPOWERED BY HERE © Bus stops within 5 km of 1044 Forest Road, Lugarno, NSW 2210 Distance Forest Rd at Blackbutt Av 56 m Forest Rd Opp Blackbutt Av 91 m Lugarno Shops, Forest Rd 198 m Forest Rd Opp Lugarno Shops 242 m Forest Rd Opp Valentia Av 249 mPOWERED BY HERE ©
Exceptional Investment Opportunity | BP service station + Workshop and Upside
- DA approval for an additional 119sqm
- R2 Low Density Residential
- High profile corner position
This is an exceptional opportunity to purchase a rare essential services investment in Lugarno in Sydney's St Georges LGA. This well-established property produces multiple strong and consistent income streams with 5% and 3% fixed rental increases per annum. Both the BP Service Station and Mechanical Workshop tenancies have new 5 and 3 year leases in place with options. The property is ideally located on a high profile corner of Forest Road, Lugarno.
Corner position with strong underlying R2-Low Density Residential zoning permits. A number of significant development opportunities exist including a recent development application approval to add an additional 119 sqm warehouse to the rear of the property with private access from Blackbutt Avenue.
• DA approval to add an additional 119sqm warehouse
• Two separate income streams, established BP Petrol Station and Mechanical Workshop
• Combined net income $407,345.00 per annum plus GST (approx.)
• BP leased to May 2027 + 5 year option (until May 2032)
• Mechanical Workshop leased to March 2024 + 3 x 3 year options
• Land: 1,309sqm, zoned: R2 Low Density Residential
• High profile corner position
For further information or to arrange an inspection, please contact the listing agent.
Property ID: 503934318Last Updated: 20 Jan 2022