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Ray White Commercial NSW - Sydney City Fringe
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Whole Building, 32 Banksia Road Caringbah, NSW 2229

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For Sale

Whole Building, 32 Banksia Road Caringbah, NSW 2229

Hotel & Leisure • Shop & Retail
Sale Price

Expressions Of Interest

Land area

1024.0m²

Floor area

3072.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$600,886
Number of Tenants
1 Tenant
Tenants / Type
Feros Hotel Group

ICONIC FREEHOLD INVESTMENT - Highfield Caringbah

Ray White Commercial NSW - Sydney City Fringe are delighted to offer 32 Banksia Rd Caringbah "Highfield" for sale by International Expressions of Interest.

Located on the Northern side of the Kingsway, with street frontage to Mackay Street, Banksia Road and Hay Lane. 150 meters to Caringbah shopping centre, train station and short drive to the famous Cronulla Beach, approximately 27kms south of Sydney's CBD.

Key highlights include:-

• Secure 15 year lease to the Feros Hotel Group plus options with ratchet clause in favour of the lessor
• Feros Hotel Group in 2017 carried out approximately $12 million in major capital works and fit-out
• Trophy 3 storey building with multiple income streams associated with Feros Hotel Group
• Includes - Ugly Pizza, Huxley's, Public House and The Botanical. Sports TAB and gaming
• Net passing income $600,886* plus GST with all outgoings paid by the The Feros Group
• North facing, impressive rooftop dinning terrace with views to Georges River, Botany Bay and Sydneys iconic CBD skyline
• Site area 1,024 m2* with gross building area of 3,072 m2*
• Zoned: B3 Commercial Core, FSR: 2.5:1 and Height of Building: 30 metres
• Premises include gaming room with 20 poker machines all within a smoking solution.
• Future upside and development potential to add hotel room accommodation and additional roof top bar (STCA)

32 Banksia Road, Caringbah is offered for sale via international expressions of interest, strictly closing Thursday 22nd August at 4pm.

For more information or to arrange an inspection please contact the below exclusive selling agents.

Justin Rose
Partner
Ray White Commercial NSW - Sydney City Fringe
0410 008 887
02 9660 1717
justin.rose@raywhite.com

Kristian Morris
Principal & Licensee In Charge
Ray White Commercial NSW - Sydney City Fringe
0411 415 297
02 9660 1717
kristian.morris@raywhite.com

Property ID: 503270306Last Updated: 21 Aug 2019

Ray White Commercial NSW - Sydney City Fringe
Whole Building, 32 Banksia Road
Caringbah, NSW 2229
Kristian Morris
Justin Rose

Ray White Commercial NSW - Sydney City Fringe

Suite 9, 198 St Johns Road
GLEBE, NSW 2037

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Ray White Commercial NSW - Sydney City Fringe

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Ray White Commercial NSW - Sydney City Fringe

Suite 9, 198 St Johns Road
GLEBE, NSW 2037
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Kristian Morris

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Kristian Morris
Ray White Commercial NSW - Sydney City Fringe
Whole Building, 32 Banksia Road Caringbah, NSW 2229

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Kristian Morris

    Kristian Morris

    Ray White Commercial NSW - Sydney City Fringe
    0411 *** ***
  • Justin Rose

    Justin Rose

    Ray White Commercial NSW - Sydney City Fringe
    0410 *** ***