Your email has been sent.
7-11 Glen St 2,088 SF Retail Condo Unit Offered at $3,061,878 in Eastwood, NSW 2122
Investment Highlights
- Ground-floor retail/commercial premises
- Street-front position with glazed frontage
- Proximity to Eastwood Railway Station, retail services, and public parking
- On-site car parking spaces included with suites
- Located within the Eastwood town centre precinct
Executive Summary
7-11 Glen Street, Eastwood NSW, is a residential building with ground-floor commercial retail tenancies positioned within Eastwood’s established town centre. The property forms part of a mixed-use development and provides street-facing retail tenancies, together with on-site car parking spaces. The premiseses feature full-height glazed frontage and high internal ceiling, supporting a flexible internal layout suitable for retail or food-related use, subject to relevant approvals. The property is located within close proximity to Eastwood shopping amenities, Eastwood Railway Station, council car parks, and surrounding residential development.
Property Facts
| Total Building Size | 64,314 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 12,863 SF |
| Property Subtype | Apartment | Lot Size | 0.50 AC |
| Building Class | B |
| Total Building Size | 64,314 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 12,863 SF |
| Lot Size | 0.50 AC |
1 Unit Available
Unit Shop 1
| Unit Size | 2,088 SF | Sale Type | Investment |
| Price | $3,061,878 | Cap Rate | 3.47% |
| Price Per SF | $1,466.42 | NOI | $106,259.83 |
| Condo Use | Retail | No. Parking Spaces | 4 |
| Unit Size | 2,088 SF |
| Price | $3,061,878 |
| Price Per SF | $1,466.42 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.47% |
| NOI | $106,259.83 |
| No. Parking Spaces | 4 |
Description
This retail shop at 7 Glen Street, Eastwood offers a ground-floor strata retail premises with an internal area of approximately 194 m². The space features a full-height glazed street frontage and an internal ceiling height of approximately 6 metres, allowing for a flexible internal layout.
The premises is currently configured for food and beverage use and include access to four on-site car parking spaces. The property occupies a street-facing position within the Eastwood town centre precinct and is located close to Eastwood Railway Station, council parking facilities, and surrounding retail and supermarket amenities. The layout and configuration are suitable for retail or hospitality use, subject to relevant approvals.
Sale Notes
Shop 1, 7 Glen Street, Eastwood is offered for sale as a strata retail investment located within the Eastwood Central precinct. The property comprises approximately 194 m² of ground-floor retail accommodation together with four secure on-site car spaces.
The premises are leased to an established restaurant operator under a lease term running from 1 February 2019 to 31 January 2027, with an 8-year renewal option. The lease provides an annual rental income of $190,000 + GST, with fixed annual increases of 3.5%. Under the lease terms, 100% of outgoings are recoverable from the tenant, including strata levies, council rates, water, electricity, and cleaning.
The property is positioned within an established suburban retail centre servicing a high-density residential and commercial catchment. It may suit investors seeking exposure to a long-term leased retail asset in a metropolitan town-centre location.
Floorplan: Ground floor
Presented by
7-11 Glen St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.