Mona Vale

Shop 3/173 Pittwater Road

Sold $1,416,000 ex GST
154 sqms

Key details

Property Type Retail

Highlights

Retail Investment with 3 + 3 + 3 Lease

Total area 154sqm + 4 security parking spaces. Prime corner position with exposure to Pittwater Road and Mona Vale Road leased to national retail tenant on a long lease.
Total area 154sqm + 4 security parking spaces. Prime corner position with exposure to Pittwater Road and Mona Vale Road leased to national retail tenant on a long lease.

Lease Details:
Tenant: Luxaflex
Term: 3 Years
Lease Commencement: 28th May 2015
Lease Expiry: 27th May 2018
Options: 3 Years + 3 Years
Rent: $94,817 + GST Gross
Reviews: Annual CPI review and market review at option

Features:
*Retail investment
*Beautiful building only 4 years old
*Commanding corner position on Mona Vale & Pittwater Roads
*40,000 cars pass per day
*Air-conditioning
*North facing with full height frontage creating great natural light
*M&F amenities & lift
*Close to public transport and multiple car parks
*Located on ground floor of landmark building
*Short walk to Woolworths, Aldi and Mona Vales retail hub
*Outgoings: $6,279 pa approx.
*Net Rent: $88,538
*For Sale: $1,416,000 ex GST

Please call Vincent West on 0403 444 000 if you have any questions or would like to arrange a private viewing.

Situated on Mona Vales busiest intersection, the property benefits from an enormous amount of exposure and is close to all retail and commercial amenities Mona Vale has to offer. Mona Vale also has a number of golf courses a stunning beach and of course Pittwater waterway a yachting and boating Mecca 2 minutes from the town centre.

Location:
The property is located in Mona Vale on Sydneys beautiful Northern Beaches on the corner of Pittwater Rd and Mona Vale Road, just minutes walk from major bus stops, Pittwater Place, Bungan Street, Australia Post and many boutique eateries and various shops. Mona Vale is well serviced with Health care centres, Woolworths, Coles, Australia Post and banks. The approximate drive times are 22 minutes to Dee Why, 13 minutes to Belrose, 55 minutes to Sydney CBD.

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

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