Welcome to 57 Emerald Dr, Regents Park. This renovated and fully leased retail centre is anchored by Foodworks with 6 other specialty shops including a bakery, fish ‘n’ chips, pizza shop, real estate, Laundromat and a hair dresser. Some of these tenants such as Foodworks, bakery and fish ‘n’ chips have been established here for well over 10 years and counting.
The pizza shop is ‘part of the 131 Pizza’ Group the 4th largest national group which operates over 130 shops nationwide. As the owner describes it, “It’s like a Foodworks but for Pizza”.
Situated across the road from Regents Park Primary and next door to Regents Park Kindergarden & Childcare, this retail centre is positioned on a corner block with great traffic foot traffic exposure:
- Council Bus Stops along both sides of the shopping centre
- Australia Post Office Box at entrance to shopping centre
- Telstra Pay Phone at the entrance to shopping centre
- Regents Park Kindergarden & Childcare share same entrance / exit as the retail centre
Retail centres like this don’t come often. Here’s 3 reasons why you should seriously consider:
1. Great position, good foot traffic
2. Strong leases with prompt rental payments, mostly 4% annual increases
3. Renovated with depreciation benefits
Zoning: Local Business
Net Income: $250,931 (approx.) per annum
Land area: 3,511 m2
Car parks: 40 (approx.)
The hard work is all done, all you have to do is buy and start collecting rent.