Macquarie commerical listing a win-win for investors

Investors usually have an eye on the future when considering the potential purchase of an asset.

This means they will be queueing for this rolled-gold, triple winner that’s within cooee of the popular Jamison Plaza shopping centre in Macquarie.

On offer are three in-line, fully leased buildings that deliver secure incomes with future mixed-use development potential.

The buildings are configured into eight tenancies, some with shared courtyards and restrooms, others with their own amenities and exclusive off-street parking.

The properties are leased to long-standing tenants including personal and beauty services, a takeaway, a news agency, a travel agent and a fitness studio.

Mark Nicholls of Raine & Horne Commercial says the opportunity will appeal to a wide range of potential buyers.

“Passive investors, syndicates, land bankers or developers are likely to see the advantage of this offer that delivers secure income with future potential,” he says.

“This is an outstanding opportunity to secure three adjoining, separately titled and fully leased properties on the doorstep of the Jamison Plaza shopping centre.”

The properties provide a combined net lettable area of about 900 square metres with a total land area of about 1718 square metres with significant street frontages.

Nicholls adds the listing at 39 Bowman Street and 2-4 & 6-8 Lawry Place has a price guide of $4.5 million-$5 million and will go to auction at 11am on April 10.

The properties generate a total passing net income of around $300,000 a year. There are annual CPI rent increases, and rate rises are met by tenants.

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