1049 Princes Highway,
Engadine, NSW 2233
Shops & Retail
Key property information
Land area
Floor area
Tenure type
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Map of 1049 Princes Highway
CBA: Sydney Metro Bank Investment. New 5 + 5 Year Lease.
Quality freehold building leased to CBA from January 2016 plus
option extending to 2026.
Attractive 4.5% annual rent increases.
Extremely busy and long standing CBA branch, at this location for more than a decade.
Absolute central high street position in Engadine's tightly held
retail precinct and surrounded by banks and national retailers.
Immaculately presented with recent upgrades completed by CBA.
557 sqm site with wide street frontage plus exposure from council car park at the rear.
4 onsite car spaces.
Possible future development upside, underutilised zoning allowances (STCA). Engadine is entering a redevelopment phase.
Bank pays usual outgoings as per lease, including management fee (except air-con maintenance).
Estimated Net Income: $184,000 pa + GST.
option extending to 2026.
Attractive 4.5% annual rent increases.
Extremely busy and long standing CBA branch, at this location for more than a decade.
Absolute central high street position in Engadine's tightly held
retail precinct and surrounded by banks and national retailers.
Immaculately presented with recent upgrades completed by CBA.
557 sqm site with wide street frontage plus exposure from council car park at the rear.
4 onsite car spaces.
Possible future development upside, underutilised zoning allowances (STCA). Engadine is entering a redevelopment phase.
Bank pays usual outgoings as per lease, including management fee (except air-con maintenance).
Estimated Net Income: $184,000 pa + GST.
Engadine, 2233 demographic data
The median household income for Engadine is $2,303, 11% higher than Greater Sydney's household income of $2,077. Engadine has an older age profile compared to the rest of Greater Sydney (median age 39 vs 37). Property ownership data shows 55% of property owners in Engadine have a mortgage.
17,736
Population
$2,303 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
04174180...
1049 Princes Highway
Engadine, NSW 2233
CBRE - NSWLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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IGA, 1/67 Warrangarree Dr,Woronora Heights, NSW 2233 380 m²Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
