The subject property is a freestanding retail building in one of Merrylands sought after locations opposite Stockland Mall and only 140* metres to railway station. It is currently leased to a government tenant until 30 June 2019, with a further four (4) year option and a current passing rental of $53,615.07 per annum*.

Additional highlights outlined below:
• Rear lane access
• Established & secure tenant
• Development potential (STCA)
• Zone – B4 Mixed Use
• Floor Space Ratio – 7.5 : 1
• Height Limit – 65 metres
The property was sold under hammer at in rooms auction at
record price.

*Approximate

Sales Analysis
Sale Price$1,825,000
Land Area221 sqm*
ZoningZone – B4 Mixed USE

Floor Space Ratio – 7.5 :1

Height Limit – 65 metres

Net Income$45,595 per annum*
Yield2.5%*
Potential Gross Floor Area (GFA) (STCA)1,657.5sqm*
Rate psm GFA$1,101 psm*
Rate psm Land$8,258 psm*
Sales Process
Sales DateOctober 2017
Sales Type Public Auction