Shop 3/46-48 President Avenue, Caringbah, NSW 2229

Gunning Real Estate is pleased to present this retail property with excellent corner exposure on main road, tenanted by the established pizzeria chain, Johnny Gio's Pizza.

LOCATION:
Situated on President Avenue, a primary thoroughfare in Caringbah, the shop benefits from high vehicular and pedestrian traffic. 
Caringbah's population comprises primarily couples with children and professionals, indicating a stable and affluent customer base, with neighbouring suburbs also boosting higher-then-average household income. 
The suburb is well-served by essential services, including the Sutherland Hospital and Kareena Private Hospital, both located in Caringbah.
- 500m from Caringbah Train Station
- Opposite McDonalds and Chemist Warehouse
- 220m from Caringbah Shopping Village (neighbourhood shopping centre tenanted by Woolworths)
- Free council car spaces in front of the shop, making the location ideal for take-away, home delivery, and dine in. 

THE TENANT:
Johnny Gio's Pizza is a renowned pizzeria chain with 17 locations in Sydney, celebrated for its authentic brick oven pizzas that feature thin, crispy bases topped with fresh, generous ingredients. Each pizza is hand-stretched in-store and cooked in their signature brick ovens, offering a genuine Italian dining experience.
In addition to pizzas, Johnny Gio's offers calzones, pasta dishes, sides like garlic and mozzarella bread, and desserts to complete the meal. 
Johnny Gio's offers online ordering through their official website and has a presence on delivery platforms like DoorDash and Uber Eats. They also engage with their community via social media platforms, sharing updates and mouth-watering visuals on Instagram.
- Lease expiring June 2029 with further 5- year option to renew
- Current rent: $54,000 per annum + GST
- Tenant paying 100% of strata levies and water bills.
- Rent increases: CPI increases annually. Market rent review at option. Next rent increase date is 1 July 2025.

PROPERTY PARTICULARS:
- Internal area 62sqm 
- 2 allocated basement car spaces
- 1 storage cage
- Extensive frontage over 2 sides (16m wide over 2 sides of the building)
- Reception counter serving directly to the street
- Dining area with street outlook
- Fully equipped kitchen with grease trap, exhaust, gas, and cool room.
- Ducted air-conditioning


For more information or to inspect the property, please contact the agents:

William Wu
0450 250 123

James McKenny
0423 048 814