Manly Vale

Sold $875,000 ex GST
112 sqms

Key details

Property Type Retail

Highlights

Brand New Lease - Brand New Development - 6% Net Return

Shop Area: 112sqm. Plus 6 car spaces. Brand new development with brand new 5 year lease. This in demand retail/bulky goods strip attracts quality tenants and little vacancy.
Shop Area: 112sqm. Plus 6 car spaces. Brand new development with brand new 5 year lease. This in demand retail/bulky goods strip attracts quality tenants and little vacancy.

Lease:
Tenant: Hairdresser
Lease Commencement: March 2016
Term: 5 year lease + 5 year option
Rent: $52,640 + GST Net
Outgoings: 100% paid by tenant
Bond: Equivalent to two months rent inclusive of outgoings and GST

Featuring:
*Brand new building
*2 titles for future flexibility
*Full depreciation
*Open plan, column free
*6 Car spaces and loading dock
*Exposure to busy Condamine Street
*For Sale: $875,000 ex GST

With Woolworths, Bunnings and the multiple new residential developments along Condamine Street this area is one to keep your eye on. Get in early, make you mark and expand you portfolio with this excellent investment.

Location: At the gateway to The Northern Beaches for over 50,000 daily commuters to and from the city via Spit Bridge and Burnt Bridge Deviation on the western side of Condamine Street, Manly.

**All rentals are per annum and quoted areas/measurements are approximations only**

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