Lot 83/7 Cross Street,
Bankstown, NSW 2200
Shops & Retail
Key property information
Floor area
Sold on
Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
Lot 83/7 Cross Street
Bankstown, NSW 2200
Map of Lot 83/7 Cross Street
Supreme Investment Opportunity
- Prominent corner position
- Ultra-dense trade area
- Passing Income: $92,881.80 per annum
On behalf of receivers and managers appointed HLB Mann Judd, Colliers is pleased to present for sale Lot 83/7 Cross Street, Bankstown, a secure ground floor strata retail restaurant on an attractive corner position to Cross Street & Stanley Street currently leased to an Italian restaurant.
Investment Highlights:
• Attractive restaurant premises on a prominent corner position to Cross Street & Stanley Street.
• Fully leased to La Pizza with 5-year lease to Dec 2025 plus option until 2030.
• 266m2* lettable area plus 3 car spaces
• Fully equipped with commercial kitchen, bar, dining areas, cool room, grease trap, exhaust & air-conditioning with exclusive use to 153m2* of 3 storage areas and retail.
• Current Gross Passing Income - $92,881.80 per annum* + GST (Dec-23)
• Value-add to further increase income at market review and future owner-occupier opportunity.
• 600m* from Bankstown Railway Station and moments to Bankstown Central Shopping Centre and newly built Western Sydney University.
• Canterbury-Bankstown LGA is expected to house 463,311 residents by 2036 which will be the second largest LGA in Sydney.
Lot 83/7 Cross Street, Bankstown will be For Sale by Private Treaty with a price guide of $875,000, all reasonable offers considered.
For more information or to arrange an inspection, please contact the exclusive selling agents today.
*approx.
Investment Highlights:
• Attractive restaurant premises on a prominent corner position to Cross Street & Stanley Street.
• Fully leased to La Pizza with 5-year lease to Dec 2025 plus option until 2030.
• 266m2* lettable area plus 3 car spaces
• Fully equipped with commercial kitchen, bar, dining areas, cool room, grease trap, exhaust & air-conditioning with exclusive use to 153m2* of 3 storage areas and retail.
• Current Gross Passing Income - $92,881.80 per annum* + GST (Dec-23)
• Value-add to further increase income at market review and future owner-occupier opportunity.
• 600m* from Bankstown Railway Station and moments to Bankstown Central Shopping Centre and newly built Western Sydney University.
• Canterbury-Bankstown LGA is expected to house 463,311 residents by 2036 which will be the second largest LGA in Sydney.
Lot 83/7 Cross Street, Bankstown will be For Sale by Private Treaty with a price guide of $875,000, all reasonable offers considered.
For more information or to arrange an inspection, please contact the exclusive selling agents today.
*approx.
Bankstown, 2200 demographic data
The median household income for Bankstown is $1,331, 36% lower than Greater Sydney's household income of $2,077. Bankstown has a younger age profile compared to the rest of Greater Sydney (median age 34 vs 37). Property ownership data shows 52% of property owners in Bankstown have a mortgage.
34,933
Population
$1,331 per week
Median household income
34 years
Median age
Renters
Most residents
Families
Most households
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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