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11/74-78 The Corso, MANLY NSW, 2095

Sold
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Property Sold in 11/74-78 The Corso, MANLY NSW, 2095

Gunning Commercial

Suite G02, 15 Belvoir Street, Surry Hills, NSW 2010

Listing ID:
11188333
Status:
Sold
Last Updated:
05/08/2020
Price:
$1,030,000
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Property Type

Retail
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Land Area

122 SQM
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Floor Area

122 SQM
Icon parking

Parking

N/A

RETAIL INVESTMENT

The property offers investors flexibility and a combination of features within one strata lots:

Pominent property in iconic location.
Location with significant growth potential at the centre of one of Sydneys most prominent retail and tourist destinations.
Two tenants on one title - minimum risk.

Currently the property has two tenants on brand new leases occupying 122sqm of prime retail on one title.

Shop known as 11a:

Tenant: Bang-on Pty Ltd
Gross Rental: $71,500 per annum + GST gross
Increases: 3% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term: 5 years
Options: 5 years

Shop Known as 11b;

Tenant: At Ease Pty Ltd
Gross Rental: $52,000 per annum + GST gross
Increases: 4% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term:3 years
Options:3 years

Total Income: $123,500 annually + GST
Outgoings: $22,182.23 annually

Net Realisation: $101,317.77 annually excluding GST

For further information or to inspect please don't hesitate to contact;

Tom Speakman
0412 891 330
ts@gunningcommercial.com

Daniel Gunning
0413 051 235
dg@gunningcommercial.com

For more details, please email agent

Gunning Commercial

Suite G02, 15 Belvoir Street, Surry Hills, NSW 2010


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