188 The Boulevarde Fairfield Heights is a freestanding 365sqm commercial building on a prominent 556sqm corner landholding in the heart of Western Sydney.
Securely leased to TAB since 2001, the property generates a net income of $96,239 + GST per annum and offers a rare combination of income today and flexibility tomorrow.
Oscar Little, Sales Executive at RWC Retail, said the opportunity will appeal to both investors and owner-occupiers.
“Properties like this are incredibly difficult to find in Sydney,” Mr Little said. “You have a freestanding corner building with a long-established national tenant and a position directly adjoining a Woolworths shopping centre.”
“What makes it even more compelling is the flexibility. With TAB's lease expiring within 12 months, buyers have the opportunity to continue leasing the property, reposition the asset or occupy a high-profile corner site in a tightly held precinct.”
The property benefits from more than 52 metres of frontage to The Boulevarde and sits within a bustling retail and commercial strip servicing one of Western Sydney's most densely populated residential catchments.
Located approximately 29km from the Sydney CBD, Fairfield Heights enjoys direct connectivity to Parramatta, Liverpool and the broader Western Sydney corridor.
Lachlan O’Keeffe, Joint Managing Director of RWC Retail, said the rental reversion potential will attract significant buyer attention.
“Investors are increasingly looking beyond the income and focusing on where value can be created,” Mr O’Keeffe said. “With TAB currently paying a low gross rent of only $230/sqm, there is clear scope for rental uplift.”
188 The Boulevarde, Fairfield Heights will be offered for sale by Auction on Tuesday 30th June at 10:30am (AEST) at Mezzanine Level, 50 Margaret Street, Sydney NSW.
