HCF, who under an adjusted business model is selling off some of their suburban branches, has listed the property through CI Australia.
The listing follows the recent success of a hotly contested auction for HCF’s 99 Burwood Road, Burwood which sold under the hammer for $6.9 million.
The two-storey property comprises 157sqm of retail space and was constructed in the 1920s. The site has a 6.7m frontage onto Forest Road and is offered to the market as vacant possession.
The property is located in the key Hurstville retail strip in proximity to both Westfield Hurstville and Hurstville Railway Station which delivers a consistent and high volume of passing pedestrian traffic. It is also highly visible from all approaches and the signage at 237 Forest Road offers significant exposure for a tenant or owner-occupier.
CI Australia’s sales executive, Nick Lowry, who is selling the asset, said Hurstville has been identified as a strategic centre in the Greater Sydney Region Plan “A Metropolis of Three Cities” and would attract a strong profile of both local and overseas investors and retailers as owner occupiers.
“The completion of One Central Plaza Office, an A-Grade landmark office, next door provides a significant opportunity to create an attractive food offering concept over the ground and first floors,” he said.
The property is expected to fetch around $3.5 million and is for sale via Auction on Tuesday 26th November 2019.