Blue Chip Investment or Occupy In Near Future - 2 Level Freehold Building Adjacent Bridgepoint
20 Spit Road, Mosman, NSW 2088
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
Auct...