The subject property is known as McDonald's Waterloo located at 183 Botany Road in Waterloo and is located on the corner of Botany Road and McEvoy Street.

The property is 500 metres north of Green Square Railway Station and within close proximity to CBD and the Eastern Suburbs.
Waterloo is celebrated as one of Sydney’s most vibrant villages. The area boasts a rich social history and housing community, and in recent years the transformation of Danks Street has added an arts hub and foodie’s haven saturated with art galleries, hip furniture showrooms, gourmet cafes and ethical food stores.

The development potential of the property is significantly uplifted under the 2011 City of Sydney Draft LEP. Under this LEP, the property is rezoned to ‘B4 Mixed Use’ with a proposed FSR or 2:1. (STCA)

This equates to a unit yield of approximately 80 units with an average size of 75m², with ground floor retail area of approximately 700m².

EXISTING BUILDINGS
The site incorporates a McDonald’s restaurant, drive-through and car park. Vehicle access to the site is via Botany Road and McEvoy Street. The building has been specifically designed by McDonald’s and upon the expiry of the ground lease, there is an option for the building to remain or be demolished.

Features of the property include:
- Ground lease to McDonalds until December 2013
- Passing net income of $326,917.00 per annum
- 100% of outgoings payable by the tenant
- Trophy corner location
- The property represents a significant holding in the South Sydney market, with an opportunity to deliver over 80 apartments


SOLD BY COLLIERS INTERNATIONAL


For more information, please contact:

William Gathercole
M: 0403 618 757
D: 02 8337 6217
E: william.gathercole@colliers.com

Jonathon Canavan
M: 0402 404 782
D: 02 8337 6233
E: jonathon.canavan@colliers.com