Collaroy Plateau

7/63 Veterans Parade

Sale $1,540,000
98 sqms

Key details

Property Type Retail
Water $0 / Quarter
Council $0 / Quarter
Strata $0 / Quarter

Highlights

Fantastic Collaroy Investment Opportunity - 5.49% Net Return

In an admirable position on Veterans Parade, Z-Bar is nestled within the community's major shopping hub. Surrounded by IGA, Wheeler Heights Public School and a host of local businesses there is no shortage of customers both locally and out of area that visit the area on a regular basis.
In an admirable position on Veterans Parade, Z-Bar is nestled within the community's major shopping hub. Surrounded by IGA, Wheeler Heights Public School and a host of local businesses there is no shortage of customers both locally and out of area that visit the area on a regular basis.

* Total internal area 98 sqm + additional 48sqm
* Air-conditioned café/restaurant with liquor license
* Common M/F bathrooms maximizing internal seating
* Outdoor seating approved for alfresco dining
* Public transport at your front door
* Approx. per annum outgoings: $10,746.96

LEASE DETAILS
* Currently Leased by Z-Bar
* 5 year lease with 5 year option
* Strong 5.49% net return
* Lease commenced 02 October 2018
* Annual net rent $84,531.12 per annum + GST
* Annual CPI reviews
* Lessee pays 100% of outgoings (excluding Capital outgoings from strata)

Collaroy is a popular beachside suburb situated between Dee Why and Narrabeen on Sydney's Northern Beaches. Only a 4 minute drive to the Wakehurst Parkway, a 3 minute drive to Pittwater Road and a 9 minute drive to Warringah Road connecting you to greater Sydney.

This excellent, street fronting, retail shop is nearby all the essentials. Neighbouring business includes a Bank, IGA, Deli, Butcher, Pharmacy,Video store, boutique restaurants and cafes, and an Australia Post Letter Box.

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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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