If you are looking for a wise investment with a secure income and capital growth, then look no further than shop 1/343-349 Sydney Road Balgowlah.
The property is one of 6 exclusive shops which are strategically placed in front of a well-built residential complex. The complex provides secure parking accessed via Condamine Street through a security boom gate. The building has shared men/women's bathrooms directly opposite the shop.
This 45sqm retail shop includes one secure underbuilding car space, and a bonus 36sqm secure undercover concrete storage unit, which can also be leased. The storage unit has a mezzanine, almost doubling the floor space.
Shop 1 has the additional bonus of fronting Sydney Road, gaining priceless daily advertising exposure to 4 busy lanes of traffic for this long-term tenant. The shop boasts a northerly position with wide wrap-around floor-to ceiling glass panelling, allowing the shop to capture loads of natural light, pedestrian and vehicle traffic from each direction.
With a strong 5 year lease and CPI reviews you are assured of a strong continuous return, backed by capital growth in an iconic location. It presents an exceptional opportunity for the savvy investor.
* One of 6 shops fronting Sydney Road beneath a shop top complex
* Large wrap-around windows gain pedestrian/traffic from each direction
* North facing shop with additional bonus of fronting busy Sydney Road
* Daily advertising exposure to 4 busy lanes of traffic for this long-term tenant
* A solid and immaculately maintained residential apartment block
* Entrance/reception area, low maintenance office space of 45sqm
* Perfect for investors total gross income of $43,946 per annum
* 5 year lease and CPI reviews you are assured of strong continuous return
* Estimated storage rent $150 per week + GST, under-building car space
* Modern kitchenette, shared men/women's bathrooms directly opposite
* Greater work/life balance with easy access to beaches, gyms, aquatic centre
* Surrounded by a choice of primary and secondary schools, parks and ovals
Superbly located in the heart of Balgowlah on Sydney Road, the main arterial road, connecting to Sydney CBD and the world famous Manly Beach.
A thriving coastal hub, the premises is located amongst well established businesses, vibrant cafes and eateries, as well as footsteps from buses taking you directly to the city only 12km away.
Just a 160m near level stroll is Stocklands Balgowlah Shopping Village, with Fitness First, Coles, and 62 other retailers plus it's just a short few minutes' drive to Manly's vibrant heart, with entertainment, beautiful beaches and the ferry.
Contact Paul Cunningham on 0413 161 661 for more information.
***All rentals are per annum and areas/measurements are approximations. It is up to lessees/purchasers to conduct their own investigations regarding any approvals required by governing authorities. ***