5/8 Waters Road, Neutral Bay, NSW 2089

  • 32 sqm
  • 1

For sale

CONTACT AGENT

FIRST TIME SUPERANNUATION INVESTMENT

Situated in the heart of Neutral Bay just off Military Road sits this recently refurbished 32sqm tenanted investment currently being occupied by a beauty salon who have occupied the space for approx. 5 years. Having the tenant resign a brand new 3 + 3 year lease in June 2020, the lease currently has 1 year and 4 months left in the initial term, with a further 3 year option, 4% annual increases and has the added benefit of having a parking space on title without having to pay council parking levies.

Investment:

- TENANT: C LASH BAR

- TERM: 3 + 3 years

- COMMENCEMENT: 01 June 2020

- SECURITY: 3 months gross rent

- GROSS INCOME: $27,438.01 p.a. + GST where applicable

- OUTGOINGS: $5,538.09 p.a. + GST where applicable

- NET INCOME: $21,899.92 p.a. + GST

The shop is located within the bustling complex of 8 Waters Road which is based directly off the Neutral Bay Woolworth outdoor car park with a high volume of foot traffic passing through the complex every day. The shop also features buses located on Military Road which are headed all directions.

OPEN FOR INSPECTION TIMES: By Appointment, Please Contact Agent.

SATURDAY INSPECTIONS ARE WELCOME.

For any further information, to obtain an Information Memorandum, please do not hesitate to contact Jacob Broxom – 0428 047 491

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Property Info:
  • Property ID: L1270186
  • Property Type: Retail
  • Building / Floor Area: 32 sqm
  • Car Spaces: 1