Cronulla malls' largest retail offering for sale!
First time offered for sale in over 55 years.
Shops 33-39 Cronulla Street sprawl over 877m2 of prime Cronulla Mall real estate, consists of four shops and one office with two secure long-term tenants and provide the opportunity for additional revenue as well as blue sky development potential.
The major tenant has a rent review January 2019. Currently paying $450pm2 when the latest leases are paying up to $900pm2. The review will increase yields significantly.
Perfectly positioned within the Cronulla Mall, directly adjacent to the Post Office, with Blooms Chemist and Rundles as long term anchor tenants, the property also boasts easy access from the council car park.
The shops generate a very strong yield and represent an unprecedented opportunity for the astute blue chip asset purchaser.
Current on-site medical would be complimented by adding further consulting rooms and or specialist medical offices above either address.