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RETAIL INVESTMENT WITH BRAND NEW LEASE, TO A BRILLIANT TENANT

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Belle Commercial Northern Beaches is excited to present to market, Shop GO2, 136 Military Road, Neutral Bay. The property represents a well-established and very attractive retail investment opportunity in Neutral Bay, Grosvenor Lane Plaza, one of most desired retail strips for F & B operators.

The tenant, Banana Blossom is highly rated among F & B operators, and widely known for their healthy Asian Salads which combine authentic Asian flavours with fresh local ingredients to bring you a truck load of tasty. The property benefits from an inviting Grosvenor Plaza area with opportunity for outdoor dining, glass shop front and brand-new fit out. The premises are food approved with access to a grease trap and lockable storage on the lower ground level.

The brand new 5+5 year lease ticks all the boxes with the average net rental being $53,654.50 per annum during the first 5 years, 3% annual rental increases in the option period. The prestigious nature of Neutral Bay is reflected in its affluent demographic and is one of the driving factors behind area's robust property market. Conveniently positioned just steps away from Military Rd coveted retail strip, the property is enhanced by surrounding high-end retailers, popular eateries and nearby public parking amenities.

This Investment opportunity is available until 2nd May 2022

KEY FEATURES:
- Average net annual income: $53,654.50 + GST
- Request IM for all details
- Brand new 5 + 5 year lease
- Tenant - Banana Blossom
- Fixed 3% annual rental reviews in the option period
- 71m2 total (60m2 + 11m2 Storage)
- Brand-new building
- North facing entrance with floor to ceiling glass frontage
- Access to the rear of Grosvenor Lane Plaza
- Air-conditioning
- LED lighting
- The floor is polished smooth concrete
- Internal amenities with disabled requirements & modern finishes
- Grease trap in a purpose built basement room
- Surrounded by trendy bars, cafes, restaurants and long standing businesses
- Space for an outdoor seating area

OUTGOINGS:
Strata: $2,172.52 P/A
Council: $1,428 P/A
Water: $680 P/A - paid by the tenant.
Total $4,880.52 P/A

Inspections to be held by appointment only. Please enquire directly with Klaudia Brown on 0438 363 007 to arrange a private viewing.

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12 Howard Avenue, Dee Why NSW 2099

Property information

Property ID
a0Q2u00000EGIcgEAH
Property Type
Commercial
Type
For Sale
Category
Retail
Building Size
71.00m2
Available Documents
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Thank you for your interest in GO2/136 Military Road, NEUTRAL BAY NSW 2089.
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