Colliers are pleased to present to the market 7 Wonga Road, Yowie Bay for sale via an Expressions of interest campaign (EOI) closing Wednesday 26th May 2021 at 4pm unless sold prior. This is an exciting opportunity for any savvy investor, owner occupier or developer to acquire a leased investment with good holding income in a desirable and spectacular location.
The property is located at the end of Wonga Road, directly next door to the Yowie Bay Marina and Boat Ramp, which benefits from excellent passing traffic and street exposure. The property is surround by residential and is in close proximity to the beautiful Royal National Park and Port Hacking River.
The ground floor retail liquor shop is currently on a month to month lease to Yowie Bay Cellars and the adjoining three-bedroom residence is currently leased on a month to month basis.
7 Wonga Road present the following features:
Combined net income of $106,617.70* per annum (Total gross income of $115,217.12* per annum)
Large land area 889m²*
Total building area 380m²*
Leased to two (2) tenants with good holding income
The property benefits from the Yowie Bay Marina with excellent passing traffic
Lane access with yard area for easy unloading of deliveries
Potential to extend out, develop or refurbish (STCA**)
Close to the beautiful Port Hacking River and Royal National Park
E4 Environmental living zoning
Longstanding retail liquor tenant on expired lease
Option to renew current tenants on a new lease terms
Ability to be owner occupied in the short to medium term if required
*Approximately
**(STCA)
7 Wonga Road, Yowie Bay will be offered for sale via an Expressions of interest campaign (EOI) closing Wednesday 26th May 2021 at 4pm unless sold prior.
For further information please contact the Colliers exclusive agents below:
Trent Gallagher
0432 242 063
trent.gallagher@colliers.com
Edward McFarland
0401 868 376
edward.mcfarland@colliers.com
