9/50 Koola Avenue East Killara, NSW 2071

$68,036 Annual Rental Income + GST | Established Pharmacy | Prime Corner Position

An outstanding opportunity to secure a tenanted retail investment in the heart of East Killara Shopping Centre.
Operated by the same pharmacy owners for 19 years, this prominent corner premises offers immediate rental income, a newly commenced 3 + 3 + 3 year lease and annual CPI rent reviews.

Key Investment Highlights:

• Annual rental income: $68,036 + GST
• 19-year established tenant: Same pharmacy owners operating from the premises since 2007
• New 3 + 3 + 3 year lease: Commenced 1 October 2026, with renewal options through to 2035
• Rent reviews: Annual CPI reviews and market reviews upon renewal
• Outgoings: Tenant responsible for 100% of specified recoverable outgoings
• Prime corner position: Extensive glass frontage and excellent visibility
• Established shopping precinct: Complementary medical, dental, café and convenience retailers
• Convenient access: Covered shopping arcade and ample customer parking
• Desirable Upper North Shore location: Established residential catchment with strong local amenity

A compelling opportunity to acquire an established pharmacy investment with immediate income and long-term leasing potential.

Auction:
Saturday 21 November, 4pm
In rooms - 2 Turramurra Avenue, Turramurra

For further information or to arrange a private inspection, contact:
Jessica Cao
Ray White Upper North Shore
0466 877 260
jessica.cao@raywhite.com

Disclamer: All information contained here is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it.