Colliers is pleased to present for sale 129 Bankstown City Plaza, a double-storey medical freehold investment with secure chemist and medical centre tenants benefitting from dual frontages and directly adjacent to Bankstown railway station. · Prime medical freehold investment within Bankstown’s thriving retail precinct · Solid investment opportunity for investors & future owner-occupiers to capitalise on the vibrant & bustling Bankstown City Plaza retail strip. · Double-storey freehold building including ground floor Rumore’s Pharmacy, level one medical centre and rear access to Bankstown railway station. · Longstanding pharmacy tenant with long 10-year lease to 2028 with options to 2038. · Site area: 114m²*, building area: 200m²* · Current fully leased net passing Income - $102,681.24 per annum + GST (as at 30 June 2024) with opportunity for further rental growth in the near future. · Strategic B4 mixed use zoning under Canterbury-Bankstown LEP 2023 · Medical leased property is considered a safe and defensive investment offering stable income, long-lease agreements, and essential service. Colliers exclusively offer 129 Bankstown City Plaza, Bankstown for sale via Public Auction on Thursday, 29 August 2024 at 12:00pm at Colliers Head Office, Level 30/225 George Street, Sydney. *approx.
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Property ID: 504642748