This comprehensive freehold investment is the best opportunity in the Lower North Shore of Sydney. It is a unique and multifaceted investment with both a retail bottle shop and a fully renovated apartment, offering additional rental income through Airbnb.
- Property Details:
- The size of the land area is (215 SQM approx.) plus the building has the unique combination of a retail shop and a fully renovated apartment.
- Both properties have separate access to the apartment and shop, providing privacy for the residents and business customers
- Rental Income:
- Showcasing the additional rental income from the apartment through Airbnb, the approx., income from the Airbnb is $35,000 per year.
- Retail Shop rent is $92,000 plus GST per year.
- 3 Year Lease + 3 Year Option
- CPI increases pa.
- Total income $127,000 per year. approx.
- Equipment and Furnishings:
Fixtures and inclusions included in a detailed equipment list for the retail shop and Airbnb e.g. all of the furniture in the apartment included. - Operational Structure - Retail Tenant:
The current business has been operating for 70 years, it’s a well know business and it enjoys a rich history.The business emphasizes a diverse product range, showcasing the variety of offerings available to the local community.The business has an impressive weekly turnover of $15,000-$18,000, demonstrating the business's financial strength. - Investment Potential:
The property as an excellent investment opportunity for a local developer, emphasizing the potential for business and capital growth. - Urgency:
Potential buyers will need to act quickly, emphasizing the uniqueness of this opportunity and the rarity of freehold liquor store offerings in the market. - Land Zoning:
CA - Complex AreaE1 – Local CentreHeight of Building 12 MetresFloor Space Ratio 1.3:1 - Location and Demographics:
The property is located in a central location and is in close proximity to the Northern Beaches, North Sydney, and the CBD. The affluent nature of the suburb attracts a high-end customer base.Highlight the busy street front, easy access, and nearby parking facilities.Potential investors or buyers interested in this unique freehold investment opportunity, please contact Patrick 0417 388 621 or Juliet 0448 142 468 to arrange a viewing.
Disclaimer: Whilst every effort has been made to ensure the accuracy of the information provided by our vendors, Patrick Cowie Real Estate makes no statement, representation or warranty and assumes no legal liability in relation to the accuracy of the information provided. Prospective tenants are advised to carry out their own due diligence and investigations.
Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website or the information about the property contained on the Website.
Property Code: 352