364-370A Shepherds Hill Road, Blackwood
An exceptional fully leased retail investment in the absolute heart of Blackwood is on the market, offering buyers attractive returns.
McGees Property’s Yee Ng and Simon Lambert are marketing 364-370A Shepherds Hill Road, Blackwood on behalf of a private owner.
Expectations are in the mid- to upper-$2 millions range, equating to a 6% to 6.5% return.
Comprising a 398sqm building, the property is fully leased to five established tenants for an estimated current net income of $166,044 per annum.
“This is an exceptional investment opportunity with attractive returns,” Ng said.
“The leases range from a secure lease to national tenant People’s Choice Credit Union to tenants on monthly leases, offering a mix of reliable income with the excellent opportunity to potentially occupy a portion or secure a new lease with existing tenants,” Ng said.
“The property’s location in the heart of Blackwood, adjoining Woolworths supermarket, gives this asset exposure to a high level of foot traffic, making it a high priority for tenants looking to get into the area,” he added.
“We’re expecting predominately investors to show interest in the property given the attractive returns on offer and its quality position.
“Blackwood is a hugely desirable suburb, offering a picturesque lifestyle with easy access to the city by public transport.”
Expressions of Interest close Thursday, 20 March at 4pm.
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