Stonebridge Property Group has the exclusive opportunity to offer for sale, 7-15 Groves Road, Bennetts Green, a secure, affordable and high quality retail investment located within the City of Lake Macquarie. Bennetts Green is an established “destinational” bulky goods location and the precinct benefits from an array of high quality retailers including Harvey Norman, Bing Lee, Joyce Mayne, BCF, Supercheap Auto and Fantastic Furniture.

The Property benefits from the following key investment highlights:

• Destinational bulky goods precinct;
• 100% leased to national brand retailers (Joyce Mayne, Supercheap Auto and BCF);
• Strong annual 3% fixed rent reviews;
• Current average passing rents equivalent to $221 sqm* gross;
• Significant tax depreciation benefits and limited capital expenditure due to modern improvements; and
• Net income of $719,330 p.a.

The Property is for sale by Public Expressions of Interest, closing at 4pm (AEDST) on Thursday 1st November 2012.

Property Code: 149