Information

Memorandum

27/2 Burrows Rd South, St Peters

Prepared by

Peter Mandile Sarah Panosian

M: 0415 673 764 M: 0413 248 879

E: peter.mandile@brixpropertyagents.com.au E: sarah@pierge.com.au

ONLINE AUCTION Bidding Closes 6:30pm May 12 2021

Inspect Wednesdays 1-1:30 pm

The Property

For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way

and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid

disappointment. Open to all buyers, subject to seller approval.

Ideally located for maximum exposure, this established takeaway shop with attached 1 bedroom apart-

ment presents an excellent investment opportunity in a high traffic industrial and commercial location.

Leased to long term tenants, the property commands a prominent and easily accessible position near the

main intersection of Canal Road and Burrows Road South.

Highlights:

- Fully leased takeaway shop with 3 storage areas and WC

- Fully self contained 1 bedroom flat above

- Total annual income $46,280 pa gross

- 3 x car spaces in total

- Just minutes to Sydney Airport

The first floor apartment features an open plan living, dining and kitchen with seperate bedroom and en-

suite bathroom. It comes equipped with a seperate storage cage and one car space.

The Property

Ground Floor 27/2 Burrows Rd South, St Peters

• Lease Term - 5 Years commenced 10 February 2017

• Option - 5 years

• Rent - $33,800 pa plus percentage of usage charges

Usage Charges include - 50% Water sewerage & drainage

- 100% Trade Waste

- 50% Water usage

- Grease arrestor maintenance & cleaning 100%

Upstairs Flat 27/2 Burrows Rd South, St Peters

• Lease Term - 12 months commenced 8 May 2017

• Current Lease position - holding over month to month

• Rent - $12,480 per annum ($240 pw)

Building Areas

• Shop - 35m²

• Store - 14m²

• Residence - 40m²

• Total - 89m²

Income

Gross

Outgoings Income

Net

Shop $33,800 pa Water Rates $1,886.28 pa

Flat $12,480 pa Council Rates $644 pa

Strata Levies $2,178 pa

Total $46,280 pa $4,688.28 $41,591.72 pa

The Location

The property is ideally located in the heart of St Peters busy industrial precinct. Adjacent to Canal Road

and approximately 650m from Princes Hwy intersection and within easy reach of Sydney Airport.

The new West Connex is in close proximity with future entry and exit points to be added on Canal Road.

The Building

Openn Negotiation

How it works

Openn Negotiation is an online platform and app that provides you with transparency of price, so you can make informed property decisions.

Being able to see what other buyers are willing to pay gives you confidence in the value of the property and that your competition is real.

You can participate in the bidding from anywhere in the world, in complete privacy, and all you need is a device with an internet connection.

Watch the video to learn more, otherwise you can check out some success stories… Click Here to view.

Or Visit https://vimeo.com/328117549

Disclaimer

This Information Memorandum is set out as a general outline; this does not in any way constitute an offer or contract.

All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are

given in good faith but any intending Purchasers should not rely on them as statements or representations of fact but must

satisfy themselves by inspection, their own independent enquiries or otherwise as to the correctness of each of them.

Should there be any discrepancies between the Contract for Sale and this Information Memorandum, the provisions of the

Contract for Sale of Land shall prevail.

The Vendors reserve the right, at their sole discretion, to postpone or cancel the proposed trade or sale of the property and to

modify or add any terms and conditions to any proposed contract, vendor’s statement or other material associated with the

proposed sale, which may be made available to a potential purchaser