Ray White Commercial - Metropolitan Sydney in conjunction with Ray White Rockdale is pleased to present 39-47 Station Street, Engadine for sale by Auction. The Auction will be held on 3 December 2020.

This secure investment opportunity with significant development upside has been in the same family for over 40 years.

The asset is home to three (3) long term tenants including national anchor tenant PETstock, an orthodontist and the established Raya Thai restaurant who have been in possession for over 30 years.

Surrounded by an array of major retailers and only a short walk from the Engadine train station, the incoming investor has an opportunity to acquire a secure investment and capitalise on the site's future development potential (S.T.C.A.)

Additional highlights of the property are outlined below:
- Current net income approximately $265K p.a. * (gross income of $305K p.a.*)
- Site area of 1,087sqm*
- Zoned B3 / FSR 2: 1 / Height 20 m
- 200m* to Engadine Train Station
- High exposure retail strip
- Rear lane access

This investment opportunity is offered for sale via Auction. The Auction will be held on Thursday, 3 December 2020 at 11am. Auction VENUE: Ray White Head Office, L17/ 135 King Street, Sydney.

For more information, please contact the below selling agents

Samuel Hadgelias
Director
Ray White Commercial - Metropolitan Sydney
0403 254 675
shadgelias@raywhite.com

Con Economos
Principal
Ray White Rockdale
0418 400 888
con.economos@raywhite.com