Mona Vale

Shop 2/173 Pittwater Road

Sold $1,206,050 ex GST
128 sqms

Key details

Property Type Retail

Highlights

Split the Risk One Title, Two Leases

Strata area 128sqm + 3 security parking spaces. Two leases over one title, split into two individual tenancies both tenants are secured with long term leases.
Strata area 128sqm + 3 security parking spaces. Two leases over one title, split into two individual tenancies both tenants are secured with long term leases.

Shop 2a Lease Details:
Tenant: Northern Beaches Financial
Term: 3 Years & 4 Months
Lease Commencement: March 2016
Lease Expiry: June 2019
Options: 1yr 6mth + 2 yrs 6 months + 2 yrs 6 mths
Rent: $37,960 + GST Net
Reviews: annual CPI reviews and market review at option
Outgoings: 60% recoverable

Shop 2b: Lease Details
Tenant: Northern Beaches Dental
Term: 1 Year 9 Months
Lease Commencement: June 2015
Lease Expiry: May 2022
Options: 5 Years
Rent: $34,403 + GST Net
Reviews: annual CPI or 4% whichever the greater and market review at option
Outgoings: 100% recoverable

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: $5,072 pa approx.
*Total Net Rent: $72,363
*For Sale: $1,206,050 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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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).

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