Dee Why

20 Howard Avenue

Sold $8,000,000

Key details

Property Type Other

Highlights

Land Area: 474sqm. Building Area: 840sqm. Fully occupied two story freehold retail building in the Dee Why Town Centre. Perfect for astute investors to benefit from the holding income with the potential for future capital growth.
Land Area: 474sqm. Building Area: 840sqm. Fully occupied two story freehold retail building in the Dee Why Town Centre. Perfect for astute investors to benefit from the holding income with the potential for future capital growth.

Features;
- 100% occupied with 5 long term tenants
- Close to council car parks and public transport
- Future development potential
- Zoning: B4 Mixed Use Warringah Council
- Perfectly position within a high density residential area
- All 5 tenancies receive high exposure and signage opportunities
- Each shop self-contained with own amenities
- Outgoings: $26,849 per annum approx.
- Net Income: $214,844 per annum

New developments in the Town Centre precinct are attracting huge interest. Dee Why is undergoing a massive transformation and this has accelerated rapidly with the introduction of the Town Centre Master Plan. This landmark building is within the growing retail/commercial area which will continue to benefit from the development and close proximity of high profile residential developments, beautiful beaches and public transport.

Features

Close to Schools
Close to Shops
Close to Transport

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