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Great Investment - 6% Net Return on a New 3+3 Lease!

15/1125 Pittwater Road, COLLAROY NSW, 2097

Sold

Property Sold in 15/1125 Pittwater Road, COLLAROY NSW, 2097

Upstate

Suite 15, Level 1, 888 Pittwater Road, , Dee Why, NSW 2099

Listing ID:
11315087
Status:
Sold
Price:
SOLD Contact Agent
Last Updated:
23/01/2020
Icon building

Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

60 SQM
Icon parking

Parking

2

Great Investment - 6% Net Return on a New 3+3 Lease!

Area: 60sqm. With a new 3+3 lease in place as of March 2018, this is great for investors in their Superfund! With a distinguishable presence on Pittwater Road directly opposite Collaroy Beach, this boutique shop is sure to impress employees and customers alike. Perfect for all retailers, real estate agents, professionals; the list goes on.

FEATURES:
*Currently leased by boutique custom jeweller
*New 3-year lease with 3-year option and 4% annual increases
*Air-conditioned retail area
*Full height glass shopfront facing Pittwater Road
*Common M&F bathrooms
*2 secure basement car spaces
*Great signage opportunities
*5sqm of extra storage
*Bus stop at your front door
*Annual Net rent of $39,000 + GST
*Approx outgoings $7,098 + GST PA
*Net rent - lessee pays 100% of outgoings

For more information or to arrange an inspection contact Vincent West on 0403 444 000.

Positioned opposite Collaroy Beach, this shop benefits from a great frontage & excellent exposure to Pittwater Road with plenty of foot traffic from beachgoers, surrounding retailers, pubs & food outlets. Multiple beachside council car parks over the road. With 50,000 vehicles per day using Pittwater Road combined with the high-density residential surrounding, business is set to thrive.

LOCATION: On the western side of Pittwater Road, Collaroy with a main bus stop for the Northern Beaches directly in front. Collaroy is a popular beachside suburb situated between Dee Why and Narrabeen on Sydney's Northern Beaches. Collaroy is well serviced by public transport, banks, post office and retailers. Collaroy is also an entertainment hub with numerous cafes, restaurants, bars and a cinema complex.

** All rentals are per annum and quoted areas/measurements are approximations only **

For more details, please email agent

Upstate

Suite 15, Level 1, 888 Pittwater Road, , Dee Why, NSW 2099


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