Frenchs Forest

Sold $1,000,000 ex GST
234 sqms

Key details

Property Type Retail

Highlights

Secure Retail Investment in Popular Neighbourhood Strip

Area: 234sqm. Two lots leased as one to an iconic national franchise this is a great opportunity to secure am investment within a modern highly sort after building. With a Net return of 7.3% it wont last long.
Area: 234sqm. Two lots leased as one to an iconic national franchise this is a great opportunity to secure am investment within a modern highly sort after building. With a Net return of 7.3% it wont last long.

Lease details:
Tenant: Visional Personal Training
Lease expiry: June 2021
Reviews: 3% annual reviews
Net Rent: $73,156 + GST & outgoings

Features:
* 2 Car spaces & 1 Storage area per lot
* Fully tenanted building
* Full height glass windows
* Excellent signage opportunities
* Great natural light
* Full reverse cycle ducted air-conditioning
* Friendly neighbourhood atmosphere
* Total Outgoings: $14,517 PA Approx. (100% recoverable from tenant)
* Inspections by appointment
*Sale price is $1,000,000 and is not negotiable as it provides an excellent return with a full five years to run on the lease.

Built with quality architectural features in 2009, this building presents exceptionally well and has the tried and tested mix of residential and commercial that works so well. The shop includes two adjoining lots providing savvy investors broader possibilities in the future. The strata lots are situated on the ground floor of a very popular, fully occupied mixed use development.

Location:
Within minutes from the Warringah Road and Forrest Way intersection and the Forest way shopping centre . This is a great position in the heart of Frenchs Forests leafy neighbourhood with many thriving businesses sharing the complex. This location is highly sort after and will continue to attract quality tenants.

**All quoted areas/measurements are approximations only**

Would you like us to contact you
in relation of this property?

Be the first to know about new
properties that will interest you
before they hit the market

BECOME AN UPSTATE INSIDER

Insights & knowledge

Understanding the Northern Beaches like the back of our hands allows us to offer impeccable levels of service and elicit
the most favourable sale price (we also know the best local surf breaks, if you’re interested).

Upstate’s Free Digital Property Valuation Tool

2 March 2021

Read more

Locals Supporting Locals Promo: WIN A $3,000 PRIZE

15 February 2021

Read more

How Low-Interest Rates Affect Sydney Real Estate

9 February 2021

Read more

Northern Beaches Council Shares Their Local Housing Strategy For The Future

2 February 2021

Read more