Vincent West

Dee Why

15 The Strand

Sold SOLD CONTACT AGENT
185 sqms

Key details

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

Highlights

Blue chip retail investment opportunity on Dee Why Beach Front – Net yield 5.37%

This is a very rare opportunity to purchase a shop on Dee Why Beach's retail/cafe/restaurant strip. With nice wide frontage with foldback glass shop front to open up to the hustle and bustle of Dee Why Beach front this shop is perfect for a retailer or restaurant/bar/café operator. Rear lane access allowing for ease of deliveries and services.
This is a very rare opportunity to purchase a shop on Dee Why Beach's retail/cafe/restaurant strip. With nice wide frontage with foldback glass shop front to open up to the hustle and bustle of Dee Why Beach front this shop is perfect for a retailer or restaurant/bar/café operator. Rear lane access allowing for ease of deliveries and services.

Positioned perfectly in the middle of the busiest section of the strip meaning more customers for your business. Parking right out front and a council beach car park with ample parking only a minutes stroll away.

Currently tenanted by French Basket, a company who has 2 stores in NSW and delivers the authentic flavours of France to the beach.

* Total area: 185m2 G.L.A.R
* 157m2 retail shop area with garage/storage included & additional 28m2 front deck area
* Full glass shop front, half with foldback doors
* Indoor & outdoor dining options
* Open floorplan
* Lock up garage or extra storage
* Alfresco entertaining options
* Grease trap & exhaust
* Liquor licence
* Rear lane access
* Male & Female toilets
* Net income - $181,100 + GST
* Approx outgoings: $7,395 PA

Lease Details
* 5 + 5
* Start date – 01/11/19
* 4% increases during first term and 3% during option term
* Net income - $188,100 + GST
* Outgoings - $7,395 PA
* Tenant – French Basket

Located opposite busy Dee Why Beach, one of the most popular beaches on Sydney's Northern Beaches, with breath taking water views of Dee Why & Long Reef panorama. The property is unbeatably placed on the doorstep amongst other cosmopolitan cafes, restaurants, shopping options and express city buses. With Dee Why gaining over 1000 new dwellings in the last few years it is fast becoming the cosmopolitan centre of the Northern Beaches and is providing the local business more and more patrons every week. Adding all these locals to the ever-increasing tourist trade your business is sure to thrive in this beachside location.

For more information or to inspect, please contact Vincent West on 0403 444 000 or Oliver Rosati on 0428 877 888.

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

Contact the agent

Vincent West

Commercial Licensee/Director in Charge

0403 444 000

Oliver Rosati

Commercial Sales and Leasing Agent L.R.E.A

0428 877 888

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Dee Why Neighbourhood Profile

Your Concierge

As if having the Northern Beaches most iconic beach – Manly – just around the corner wasn’t enough, Dee Why also boasts its own local stretch of pristine coastline perfect for families to enjoy as part of their day to day life. With cosmopolitan restaurants and retail all around and plenty of fantastic schools to help the local kids thrive, Dee Why is growing every day into the destination along the Northern Sydney coast.

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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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