This prime retail property is prominently located at Spit Junction in Mosman.
Long term leases to two leading national tenants, Priceline Pharmacy with over 400 stores nationwide and Anytime Fitness with over 400 clubs nationwide, returning a net rental of $436,726 + GST per annum. This property offers an excellent investment opportunity.
Expansive 10 metre frontage to Spit Road and dual access to Horden Place, the property is directly adjacent to Bridgepoint Shopping Centre. Bridgepoint is anchored by Supa IGA (Supermarket), Harris Farm, 35 specialty tenants and 268 public car spaces.
This double storey building on a 425sqm site is an outstanding investment opportunity as is, or capitalise on the future development potential (STCA). Located in B2 zoning with FSR of 2.5:1 and 15 metre height limit.
â?¢ Stable and long standing tenancy profile
â?¢ Net rent $436,726 per annum (approx.)
â?¢ Net rent will increase to $465,690 per annum (approx.) in 2016
â?¢ Land area 425sqm (approx.)
â?¢ Net lettable area 765sqm (approx.)
â?¢ Priceline lease expiry 2024
â?¢ Tenants pay all increases in outgoings over the base year
â?¢ B2 Zoning FSR 2,5:1 and 15-metre height limit
For further information or to arrange an inspection please contact Scott Stephens 9969 1500, sstephens@ljhooker.com.
