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Belle Property Commercial Northern Beaches presents for your consideration an outstanding opportunity for the astute investor to capitalise on the current market.
The property located on the ground floor of well-known retail complex just under Balgowlah Post Office. The property has just been leased to a cycling studio and offers an attractive income stream of $71,000 + GST per annum* (gross) with fixed 3% annual increases.
Perfectly positioned in one of the most exclusive suburbs in Sydney, this well appointed space offers amazing exposure and huge value. Boasting easy access to Sydney road, the entire Northern Beaches are within a short reach.
Balgowlah offers a wonderful lifestyle full of cool boutique retailers, eateries, service providers, cafes and fitness studios. With its main road location, 318 Sydney Road complex is surrounded by easy access to public transport including buses which easily connects the property to Sydney CBD and Manly. The area continues to be a sought after asset class in the Sydney landscape.
• New tenant is a well-known cycling studio
• 5 + 5 year lease just started
• Currently undergoing major renovations and upgrades
• New air-conditioning, bathroom, showers.
Council rates: $1,600 per annum
Strata Levy : $8,910 per annum
Water rates: $1,357.54 per annum
Contact Klaudia Brown for further information or to organise an inspection.
*All information herein is to the best of the agents knowledge, and what has been relayed to the agent. All parties should conduct their own investigations to confirm the above information is correct.
Thank you for your interest in 8/318 Sydney Road, BALGOWLAH NSW 2093.
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