Land Area: 474sqm. Building Area: 840sqm. Fully occupied two story freehold retail building in the Dee Why Town Centre. Perfect for astute investors to benefit from the holding income with the potential for future capital growth.
Features;
* 100% occupied with 5 long term tenants
* Close to council car parks and public transport
* Future development potential
* Zoning: B4 Mixed Use Warringah Council
* Perfectly position within a high density residential area
* All 5 tenancies receive high exposure and signage opportunities
* Each shop self-contained with own amenities
* Outgoings: $26,849 per annum approx.
* Net Income: $214,844 per annum
* AUCTION: 25th February 2016.
New developments in the Town Centre precinct are attracting huge interest. Dee Why is undergoing a massive transformation and this has accelerated rapidly with the introduction of the Town Centre Master Plan. This landmark building is within the growing retail/commercial area which will continue to benefit from the development and close proximity of high profile residential developments, beautiful beaches and public transport.
Contact Vincent West on 0403 444 000 for a copy of the information memorandum.
Location:
Situated in Dee Why Town Centre on Howard Avenue within walking distance from to two large public car parks. Close to the Coles Arcade and a short stroll from Pittwater Road with Dee Why Main bus stop, arguably the busiest bus stop on the Northern Beaches. Dee Why is well serviced by banks, 4 supermarkets and various retailers, it has a large population that is about to expand dramatically.
**All rentals are per annum and quoted areas/measurements are approximations only**
