For Sale via Public Auction - Saturday 28 September 10:00AM

Discover an outstanding development opportunity at 18 Nineteenth Avenue, Hoxton Park. This vacant block of land, spanning 900 square meters with a 22-meter frontage, is situated in a thriving residential neighbourhood. With significant development potential, this site is perfect for a 3-lot subdivision. Currently being sold by Telstra, a trusted blue-chip listed tenant, the property includes a 2-year leaseback arrangement, providing secure holding income while development plans are executed.

Key Features:

- Strategic Location: Located in the heart of Hoxton Park, this property is in close proximity to local amenities, schools, parks, and public transport, making it a desirable location for residential development.

- Generous Site Dimensions: The 900 square meter site with a 22-meter frontage offers ample space for a 3-lot subdivision, providing a lucrative opportunity for developers to create multiple residential dwellings (subject to council approval).

- Secure Leaseback Income: Telstra, a reputable blue-chip tenant, offers a 2-year leaseback commencing immediately after settlement, providing a steady annual rental income of $50,000 (Triple net lease). This leaseback arrangement offers financial security while you plan your development.

Lease Details:

- Initial Lease Term: 2 years (24 months), ensuring immediate income stability for the investor.

- Option to Extend: One 12-month option term.

- Commencing Rent: $50,000 per annum (Triple net lease), with Telstra responsible for all outgoings, including maintenance, insurance, and property taxes.
Rent Review: Annual rent increase of 3%, ensuring the rental income aligns with market trends.

- Lease Commencement Date: One day after settlement, guaranteeing immediate rental income.

- Lessee Works: Before lease expiry, Telstra will remove all Telstra SCAX huts and equipment before the end of leaseback period, ensuring the site is prepared for redevelopment.

Early Termination Clause: During the option period, Telstra may terminate the lease early with a minimum of 3 months' notice. Telstra can provide this notice 3 months before the end of the initial 2-year term to prevent the lease from rolling over into the option period.

18 Nineteenth Avenue is an exceptional opportunity for developers and investors looking to capitalize on the growth in Hoxton Park. With significant development potential, a generous site area, and secure leaseback income from a listed blue-chip tenant, this property offers the perfect blend of immediate returns and future development opportunities.

Contact Information: For further details or to schedule an inspection, please contact Shafeel Haq at Ray White on 0452 054 290.

For Sale via Public Auction - Saturday 28 September 10:00AM

Explore the area

School catchments

Hoxton Park Public School Primary K-6 Government 0.41km
Malek Fahd Islamic School Hoxton Park Combined Independent 0.54km
Good Samaritan Catholic College Secondary 7-12 Catholic 1.1km
Middleton Grange Public School Primary K-6 Government 1.2km
Good Shepherd Catholic Primary School Primary K-6 Catholic 1.3km
Clancy Catholic College Secondary 7-12 Catholic 1.3km
Holy Spirit Catholic Primary School Primary K-6 Catholic 1.3km
Thomas Hassall Anglican College Combined K-12 Independent 1.4km
Hoxton Park High School Secondary 7-12 Government 1.5km
Greenway Park Public School Primary K-6 Government 1.5km
Hinchinbrook Public School Primary K-6 Government 1.9km
John Edmondson High School Secondary 7-12 Government 2.0km
William Carey Christian School Combined K-12 Independent 2.3km
Miller Public School Primary K-6 Government 2.7km
Amity College, Prestons Combined K-12 Independent 2.9km
Dalmeny Public School Primary K-6 Government 3.0km
Miller High School Secondary 7-12 Government 3.0km
James Busby High School Secondary 7-12 Government 3.0km
Arrahman College Primary K-6 Independent 3.2km
St Catherine of Siena Catholic Primary School Primary K-6 Catholic 3.3km
Busby West Public School Primary P-6 Government 3.4km
St Anthony of Padua Catholic College Combined K-11 Catholic 3.6km
Cecil Hills High School Secondary 7-12 Government 3.6km
Minarah College Combined K-12 Independent 3.7km
St Francis Catholic College Combined K-12 Catholic 3.8km
Al-Faisal College - Liverpool Combined K-12 Independent 4.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.