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 Penrith, NSW 2750
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Penrith, NSW

Sold

Property Type Retail
Asking Price Sold
Floor Area 1,228 m²
Land Area

1,228Sqm (Approx) Tenanted Investment with Exposure

- Two road exposure with High Street address
- Rarely offered
- One of five shops in a small complex
- B4 Mixed Use
- Currently leased to Fernwood Fitness Centre
- 1,228sqm (approx.) building including 321 sqm (approx.) of mezzanine
- Ample onsite parking

Tenancy Schedule:
Tenant: Fernwood Investments Pty Ltd
Lease Start: August 2020
Lease Term: 10 years
Lease Option: 3 years + 5 years
Net Income: $149,000 Per Annum
Rent Review: Fixed at 3.5%
Current yield, just under 4%

Inspection strictly by appointment


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