20 Spit Road, Mosman, NSW 2088

Investment | Retail | Medical | Showrooms

Sold

  • Property ID: 275580
  • Floor Area: 359m²
  • NBN Availability: Not Currently Available
  • Nearby Parking: Private
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 30/11/2017 359m2 N/A Contact Agent
Blue Chip Investment or Occupy In Near Future - 2 Level Freehold Building Adjacent Bridgepoint

It is our pleasure to be the exclusive marketing agents of 20 Spit Road Mosman.

A 2 level freehold building of 359 sqm approx,with retail on the ground floor and first floor office suites which sits on a site area of 208.7 sqm.

The Property Will Suit

Investors

The property benefits from strong and secure tenants with Le Spit Cyclery on the ground floor having been in the premises for 20 + years. Le Spit Cyclery is part of the ADV Leisure Group which has 3 other bicycle shops in Sydney(apart from Spit junction there is Sydney,Randwick and Dural.)

The Music Academy is a local, well established musical school offering musical + singing tuition to the Mosman residents for a number of years

Owner Occupiers

There is a favorable lease expiry profile for purchasers looking to owner occupy part or all of the building. The first floor of the building has a lease expiry in 18 months with no option, whilst the ground floor lease expires within 3 years also with no option. This will allow ample time for plans to be lodged with council allowing for change of use, alterations, additions etc for owner occupation requirements.

Developers

The property has unused development potential with favorable development controls of 15 metre height limit and an FSR (Floor Space Ratio)of 2.5:1.Council also allows a bonus for sites of amalgamated areas greater than 1000sqm which have side or rear access for parking

The Location

- Bustling Spit Road Position in between Priceline and The Newsagency.
- Directly opposite Bridgepoint Shopping Centre which is anchored by Aldi, IGA and Harris Farm Market
- Bridgepoint parking comprises 275 public car parking car parking spaces with 2 hour free parking on (Level 1) and 3 hours Free on (Level 2). The parking is available Monday to Sunday from 6.00am till 1.00am
- New B-line stop is under construction across the road at the ex Greater Union Cinemas site

Auction: Thursday the 23rd of November 2017 (if not sold prior)
Open for inspection - Wednesdays 1-1.45pm or strictly by appointment

For a full information memorandum or for any questions please contact the exclusive selling agents

Tom Doran
Associate Director – Retail Sales and Leasing, Project Marketing
and Development Sites
t 9953 3400
m 0407 928 324
e tom@dorancommercial.com.au

Rick Doran
Commercial Sales Director
m 0408 674 623
e rick@dorancommercial.com.au


Mosman Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $10077 $587 5.83%
Retail $10077 $838 8.32%
This is the average advertised price, rent and yield for Mosman, NSW 2088*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 20 Spit Road, Mosman, NSW 2088. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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