Central Coast
R&H

16 Deane Street, Narara, NSW 2250

  • Floor Area:
    462sqm
    Land Area:
    1779sqm
  • garages16
    • Sold

      Sold Prior To Auction for $1,750,000 (Mar 10, 2023)

      Freehold Investment with 2 long term tenants

      16 Deane Street is a freehold commercial property comprising of multiple income streams and a solid base for investors to consider when seeking to purchase a commercial property on the Central Coast
      • Income from Day 1
      • $115,000 Annual Gross Income + GST
      • 2 Tenants in place producing strong income
      • Shop 1
      - Australian Liquor Marketers have a lease to April 2026 with a further 3 year option
      • CPI Increase in April looks almost certain to increase the current rental substantially, with CPI currently measuring at circa 8%
      • Shop 2
      - Ezy Group Convenience Pty Ltd have a lease until August 2027 with a further 5 year option
      • Freehold Property
      • 1,779m2 Land size
      • Excellent parking onsite
      • R2 Low Density Residential Zoning
      • Annual Rental Increases
      • Long Term leases
      • Walk to Railway Station and convenient for customers
      • Surrounded by Residential homes and customers
      • The only bottle shop and convenience store in the immediate area, established for almost 2 decades Inspections are strictly by appointment Michael Hanson 0420 307 216 Brad Rogers 0459 921 122

      Share
      avatar Brad Rogers
      Brad Rogers
      Director Sales and Leasing & Licensee in Charge
      avatar Michael Hanson
      Michael Hanson
      Commercial Sales & Leasing

      Got a property to sell? Contact us for a free Request Appraisal

      Property Info:
      • Property ID: L21621293
      • Property Type:Retail
      • Building / Floor Area:462 sqm
      • Land Area:1779 sqm
      • Car Spaces:16

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      Craig Betalli

      Mortgage Broker

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