Property ID: 6042740
If you are looking for a wise investment with a secure income and capital growth, then look no further than shop 1/343-349 Sydney Road Balgowlah.
The property is one of 6 exclusive shops which are strategically placed in front of a well-built residential complex. The complex provides secure parking accessed via Condamine Street through a security boom gate. The building has shared men/women’s bathrooms directly opposite the shop.
This 45sqm retail shop includes one secure underbuilding car space, and a bonus 36sqm secure undercover concrete storage unit, which can also be leased. The storage unit has a mezzanine, almost doubling the floor space.
Shop 1 has the additional bonus of fronting Sydney Road, gaining priceless daily advertising exposure to 4 busy lanes of traffic for this long-term tenant. The shop boasts a northerly position with wide wrap-around floor-to ceiling glass panelling, allowing the shop to capture loads of natural light, pedestrian and vehicle traffic from each direction.
With a strong 5 year lease and CPI reviews you are assured of a strong continuous return, backed by capital growth in an iconic location. It presents an exceptional opportunity for the savvy investor.
|Building / Floor Area||45 sqm|
|Outgoings||$5,364.00 per annum|
|Water Rates||$676.00 per annum|
|Council Rates||$1,124.00 per annum|
|Strata Levies||$3,564.00 per annum|
Raine & Horne Commercial knows local and regional property markets intimately, with the support and systems of a long-established national and international property group. Our clients benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.