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LEASED INVESTMENT, STRONG HOLDING INCOME, FUTURE DEVELOPMENT SITE
- Current Net Income circa $104,500* per annum
- Tenants include Coast Life Midwifery, Allure Medi Spa & Beauty Lounge (incorporating Beach Rd Coffee), Ultra Tune and Mosaic (site office)
- Emerging sort after precinct undergoing significant ‘urban renewal’ in the past 12-18 months
- 2 street exposure (40m* frontage to Duporth Avenue and 62m* frontage to Beach Road)
- Located directly opposite new Mosiac ‘Avalon’ boutique apartment development currently under construction and immediately next door to recently completed ‘Rythym on Beach’ constructed by RGD
- Ex Church building and rear Hall building (split into two separate leased areas)
- Principal Centre zoning
- Land Area 1,551sq m*
- Building Area 467sq m* (over two buildings)
- 21* car parks on site
- Subject site shares current DA approval with adjoining property for 42 Residential Units (23 x 2 bed; 19 x 3 bed) plus 2 ground floor office tenancies (basement parking)
Contact exclusive marketing agent Jason O’Meara of Savills 0408 087 868 for further information and or inspection of the property by appointment.
(*Approx.)
Level | Tenancy | Sale Type | Price | AreaSqm | Status |
---|---|---|---|---|---|
n a | Offers to Purchase | For Sale - Contact Agent | 1551.00sq m | Sold |