Coogee property with McDonald's as a tenant sells for $20 million

Coogee property with McDonald's as a tenant sells for $20 million
Coogee property with McDonald's as a tenant sells for $20 million

A commercial building at Sydney’s Coogee beach has sold for $20 million. 

The freehold at 186-188 Arden Street has multiple tenancies within walking distance to all amenities.

The ground floor is leased to fast-food giant McDonalds, and the total net income is nearly $800,000 pa. 

The vendor was Shankman Holdings Australia Pty Ltd.

The selling agents were Jerry Leis and Allan Levy of Metro Commercial.

The building has the possibility to suit other uses ranging from existing commercial to residential subject to council approval.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Commercial Property Coogee

Comments

Be the first one to comment on this article
What would you like to say about this project?