Premium Retail Investment. Beat the Banks – Circa 6.1% Net Return
Don't miss out on this opportunity to secure this premium investment with a brand new 3 year + 5 year lease in place. The property is currently being operated as a Vietnamese restaurant and generates a generous 6.1% Net return. This property has incredible signage opportunities from both Wattle Road and Mitchell Road. This opportunity will not last long.
* 85 sqm internal area
* 40 sqm outdoor dining space
* 2 parking spaces
* Commercial kitchen in place
* Serving counter
* Grease trap and exhaust
* Microwave
* Grill
* Double deep fryer
* 1 wash basin and 1 stainless steel wash basin
* Bain marie
* Storage racks
* 5 Freestanding stainless steel worktops
* Gas cooker
* 1 Cool Room
* Internal and external unisex amenities
* Air-conditioning throughout
* Abundance of foot traffic
* Outgoings $10,957.97 per annum approx.
Tenancy Details
* Commencing Date: 8 April 2024
* Annual rent: $60,000 Gross + GST
* Term: 3 Years + 5 Years
* Reviews: 4% increases annually
* Bond: 3 months
In the practical, iconic "Eastpoint" development in the sought-after Northern Beaches Brookvale Industrial Precinct. Situated on the corner of Wattle Road and Mitchell Road, just a stones throw away from Westfield Warringah Mall, Australia Post, banks, potential suppliers and clients. Pittwater and Warringah Road are close by for access to Greater Sydney.
For more information or to arrange an inspection, please call Paul Cunningham 0413 161 661 or Saxon Stonehouse 0408 033 330
**All prices are per annum and quoted areas/measurements are approximations only**