Property ID: 16041037
Astute investors will not want to miss this chance to secure this rare Northern Beaches offering of 1 shop & 1 residence – a classic tenanted ‘Shop Top’ located in the heart of Narrabeen retail centre literally 1 minute walk to the lake and 2 minutes walk to the ocean beach.
Presenting as a fantastic investment opportunity with both tenancies occupied, the ground floor shop has a solid tenant on a new 5+5+5 lease who has been trading in the area for many years. The 1st-floor residential tenant has been in place since 2014, and is on a new one-year lease. This huge fully renovated 2 bedroom unit includes a massive sun-drenched outdoor entertaining terrace. This offering provides significant opportunity with solid income and future capital growth prospects for the astute investor.
This is a rare opportunity to invest in a prime location in the centre of Narrabeen with public transport just footsteps from the building, surrounded by busy cafs, banks, shops and restaurants, with both the ocean and the lake just a short stroll away.
*Fully rented with 2 stable tenants
*Retail area: 170sqm. Residential: 110sqm 2 bedroom unit
*Ground floor shop with solid tenant on a new 5+5+5 lease
*High ceilings and full glass frontage
*Main road exposure for the shop with rear lane access
*Large open plan shop; kitchenette, M&F bathrooms
*Enormous fully renovated 2 bedroom unit
*Massive sun drenched terrace for entertaining
*Residential tenant in place since 2014, on a new one-year lease
*Total Net income – $114,010 + GST
For more information or to arrange an inspection, contact Vincent West 0403 444 000.
Located in the centre of Sydney’s stunning Northern Beaches on Narrabeen’s main retail shopping strip, between the lake and the beach with all the lifestyle amenities at its doorstep, such as banks, supermarkets, post office, a variety of cafes & restaurants as well as regular public transport.
|Building / Floor Area||280 sqm|
|Lease End||30 November 2021|
|Outgoings||$6,090.00 per annum|
|Zoning||B2 Local Centre - Warringah Council|
|Water Rates||$816.00 per annum|
|Council Rates||$3,566.00 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.