SALE PRICE: $3,750,000.00
SALE DATE: October 2023
LAND AREA: 1,185m2
RATE ON LAND: $3,165.00/m2
ZONING: E4 – General Industrial
FSR: 1:1
Return: 5.4% Net
12 Resthaven Road, South Hurstville
SALE PRICE: $5,650,000.00
SALE DATE: September 2022
LAND AREA: 1,012m2
RATE ON LAND: $5,583.00/m2
ZONING: R2 – Low Density Residential
FSR: 0.55:1
Yield: 4.42% Net
12 Resthaven Road, South Hurstville
• 10-year lease to 2033 plus options extending to 2073
• Brand new 52 place centre expected to open March 2023
• Compounding 3% pa rent increases
• Boutique multi-centre operator serving the professional local demographic
• Education rich area, 19 primary schools within 5 minute drive
• Well connected Sydney suburb 18km* south from the CBD
• Significant depreciation benefits available upon completion
• 6 month bank guarantee
Key Property Information
Land Area
1012 m²
Zoning
R2 – Low Density Residential
Sold On
September 2022
Key Property Information
Land Area
1012 m²
Zoning
R2 – Low Density Residential
Sold On
September 2022
Property Features
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- 0429 228 460
- ryanm@cpgsouth.com.au
- 239 Rocky Point Road Ramsgate NSW 2217
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