Beachfront Investment Opportunity… Tightly Held Newport Retail

SOLD

Newport NSW 2106

Retail

FOR SALE

50m2

Area – 50sqm. A rare offering to the bustling beachside suburb of Newport, this shop is perfectly suited to budding investor looking to expand their portfolio.

Tenancy Details:
Tenant – Akaliko Rejuvenation Clinic
Term - 2 years + 2 years
Commencement – March 2015
Rental - $25,000 + GST Gross
Reviews – Greater of CPI or 4% annually

FEATURES:
*Glass shopfront provides excellent natural light
*Exposure to Coles Parade provides great signage opportunities (STCA)
*Venetian curtains to shopfront windows
*Two air conditioning units
*Tiled flooring throughout
*Rear access door
*Communal Male & Female amenities within the building
*Only a moments’ walk to the beach & Coles supermarket
*Two parking spaces
*Outgoings - Approximately $5,594 per year
*For Sale - $349,000 exclusive GST

Not often is an investment like this offered to the market in the bustling beachside suburb of Newport. Located on a minutes’ walk to the sand and just around the corner from the popular Coles supermarket, the property fronts Coles Parade providing excellent exposure and plenty of customer parking.

LOCATION:
Situated on Coles Parade, in between Barrenjoey Road and Foamcrest Avenue, amongst Newport’s boutique retail strip well trafficked by pedestrians and cars alike, close to the proposed multi-million dollar Woolworths development. Come and take advantage of one of the Northern Beaches most affluent areas reminiscent of Byron Bay. Just a short stroll to Newport Beach, Australia Post, banks, all manner of retail services, car parking and public transport.

**All rentals are per annum and quoted areas/measurements are approximations only**