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- 16 Deane Street, NARARA, NSW 2250
16 Deane Street, Narara, NSW 2250

Sold
Auction - 14th March 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


Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L21621293
- Property Type:Retail
- Building / Floor Area:462 sqm
- Land Area:1779 sqm
- Car Spaces:16
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