IGA, G01/231 Miller Street,
North Sydney, NSW 2060
Shops & Retail • Showrooms & Large Format Retail • Medical & Consulting
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
CBRE - NSW
Level 21, 363 George StreetSYDNEY, NSW 2000
IGA, G01/231 Miller Street
North Sydney, NSW 2060
Map of IGA, G01/231 Miller Street
Premium North Sydney IGA Supermarket
- New 5 Year Lease plus Option to 2034
- Tenant Pays Outgoings
- Attractive 3.5% Annual Rent Increases
Burgess Rawson is pleased to offer to the market this premium North Sydney IGA supermarket investment located at 231 Miller Street, North Sydney NSW for sale via Investment Portfolio Auction 175.
The opportunity has the following key investment highlights:
+ Recent 5 year net lease to IGA to December 2029 plus an option to 2034
+ IGA: national supermarket brand with over 1,4002 stores across Australia
+ Highly exposed 265sqm* North Sydney CBD premises with important and valuable frontage of over 11m* to Miller Street
+ Strategic central positioning in North Sydney's CBD, and adjacent the brand new Victoria Cross Metro station
+ Massive Street presence with high profile tenant signage to Miller Street vehicular and pedestrian traffic
+ Exceptional connectivity to surrounding areas through public transport options such as the metro, train and bus lines, including Sydney's CBD
+ North Sydney: an integral part of North Sydney Council, a highly lucrative LGA with 107,754 local jobs and a Gross Regional Product of $23.37b
+ Attractive net lease with tenant responsible for usual outgoings, as per the lease
+ Attractive fixed rent reviews of 3.5% annually, ensuring compounding rental growth
+ Easily managed premium tenant investment
+ Net Income: $180,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 25 March 2025
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information
*Approx
^iga.com.au
^^economy.id
The opportunity has the following key investment highlights:
+ Recent 5 year net lease to IGA to December 2029 plus an option to 2034
+ IGA: national supermarket brand with over 1,4002 stores across Australia
+ Highly exposed 265sqm* North Sydney CBD premises with important and valuable frontage of over 11m* to Miller Street
+ Strategic central positioning in North Sydney's CBD, and adjacent the brand new Victoria Cross Metro station
+ Massive Street presence with high profile tenant signage to Miller Street vehicular and pedestrian traffic
+ Exceptional connectivity to surrounding areas through public transport options such as the metro, train and bus lines, including Sydney's CBD
+ North Sydney: an integral part of North Sydney Council, a highly lucrative LGA with 107,754 local jobs and a Gross Regional Product of $23.37b
+ Attractive net lease with tenant responsible for usual outgoings, as per the lease
+ Attractive fixed rent reviews of 3.5% annually, ensuring compounding rental growth
+ Easily managed premium tenant investment
+ Net Income: $180,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 25 March 2025
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information
*Approx
^iga.com.au
^^economy.id
North Sydney, 2060 demographic data
The median household income for North Sydney is $2,405, 16% higher than Greater Sydney's household income of $2,077. North Sydney has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 45% of property owners in North Sydney have a mortgage.
8,964
Population
$2,405 per week
Median household income
36 years
Median age
Renters
Most residents
Families
Most households
CBRE - NSWLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
More properties from CBRE - NSW
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
4/3-7 Grosvenor Street,Neutral Bay, NSW 2089 130 m²Offices • Medical & Consulting • Shops & Retail
Contact Agent
8 & 9/148-152 Spit Road,Mosman, NSW 2088 199 m²Medical & Consulting • Offices • Shops & Retail
Contact Agent
Goodstart Early Learning, 93 Cabramatta Road,Mosman, NSW 2088 283 m²Medical & Consulting • Offices • Shops & Retail