Investment opportunity near popular fast food hub at Engadine

The 1260 Princes Highway property at Engadine is currently leased to Australia's largest liquor retailer, BWS, and food eatery, Subway.
The 1260 Princes Highway property at Engadine is currently leased to Australia's largest liquor retailer, BWS, and food eatery, Subway.

A property in a popular fast food hub along the Princes Highway at Engadine will go under the hammer this month.

The 1260 Princes Highway property is currently leased to Australia's largest liquor retailer, BWS, and food eatery, Subway.

Sitting on a 2,292sqm site with 40m+ highway frontage, 35 parking spaces, three residential units and an additional tenancy, the site has a potential annual net income of $191,000 plus GST.

Burgess Rawson selling agent Tom Doran dubbed the property a "trophy investment" that has already fielded enquires from local and international investors.

"What we have here is a unique investment opportunity that is located on the sought-after home bound side of the highway," Mr Doran said.

"The site is surrounded by retail icon McDonald's, Hungry Jacks and BP, making the location a popular fast food hub for anyone in the area or commuters travelling the busy Princes Highway.

"Not only are investors excited about its high-profile tenants and neighbours, but they are also looking to take advantage of the additional space that presents a fantastic prospect for further retail (subject to approvals)."

The Engadine property will go to auction at 11am on Thursday, October 31 at Sydney's Doltone House in Hyde Park.