Offering a unique opportunity to secure your business a warehouse in this tightly held suburb or the flexibility for an astute investor or developer to reap the rewards that Brookvale has to offer. With the gentrification of Brookvale this is an excellent opportunity to become a part of the change. This property boasts loads of development potential and can offer so much more through a transformation like nearby assets have gone through.
* Land area: 626m2
* Gross Lettable Building area: 995m2 approx.
* Rare freestanding gem ready for a potential makeover
* Varied internal clearances throughout the building
* Prominent street frontage, excellent exposure and level vehicle access
* Currently fitted out with 5 cool rooms, air compressors, A/C and grease trap throughout the ground floor
* Upstairs workshop and renovated office areas and roller door access via forklift
* Longstanding business downstairs for over 50 years with cool room fitted out through the building
* Separate businesses located upstairs and downstairs with their own amenities
* Excellent signage opportunities
* Flexible zoning allowing for an array of business uses
* Gated driveway in the building with easy access for deliveries etc.
* Options to either invest, occupy or develop the building
* Holding income from both operators in the building (Monthly tenancy downstairs and occupier upstairs)
* Parking up to approx. 7 cars, front of building or along the driveway
* Potential gross rent return for the whole building: circa $150,000 - $175,000 + GST Gross
* Zoning – IN1: General Industrial with height limit of 11m for potential upside in the site
* Outgoings: $9,727.68 per annum approx.. (Not including building insurance)
Current rent (monthly)
- Upstairs - $49,683 + GST Net
- Downstairs - $57,098.40 + GST Net
- Total - $106,781 + GST Net
21 Ethel Avenue, Brookvale is positioned in a premium Northern Beaches Gateway location. Brookvale is unquestionably the industrial centre of the Northern Beaches. Ethel Avenue runs parrallel to Harbord Road connecting Pittwater Road and Warringah Road to the southern beaches of Curl Curl, Freshwater & Manly.
For more information or to arrange an inspection contact Vincent West 0403 444 000 or Oliver Rosati 0428 877 888.
**All prices are per annum and quoted areas/measurements are approximations only**