75 Victoria Street, East Gosford is strategically located between Erina and Gosford CBD.
The property benefits from relentless pedestrian and passing traffic and its location is further enhanced due to its main road exposure.
This is truly a rare offering to the market being located in the tightly held East Gosford strip.
We have a strong tenant in place running a Pharmacy from the site for many years. The Lessee has just signed a fresh 5 + 5-year lease commencing 1/11/2019 with annual CPI rental increments.
Annual passing rental of $69,966.45 ex. gst + council rates recovery from the tenant.
This is a highly sought-after business location with very limited supply.
With interest rates so low why not secure this prime piece of commercial real estate for your property portfolio now.
Key Investment Features:
- Prime East Gosford Freehold Investment
- New five (5) year + five (5) year lease
- Development potential (STCA)
- Stable long-term tenant
- Land area 259sqm
- Nett lettable area 204sqm (approx)
- 11.5 metre height limit
- 1:1 FSR
- Rear Lane Access & onsite parking
- Rental Income: $69,966 + GST (approx.)
This is an opportunity not to be missed!