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DESCRIPTION:SECURE RETAIL INVESTMENT LEASED TO LONGSTANDING TENANT\nLeased 
 to Jennys Boutique\, a well renowned local high end women's fashion retail
 er who have occupied the property for over 30 years*\, this opportunity pr
 ovides investors with stable and immediate income. The strong covenant sec
 ured under a new 3 year lease delivers a low maintenance\, set and forget 
 investment.\n\nThe property is ideally situated in the centre of Neutral B
 ay Village and within walking distance to national retailers including Woo
 lworths\, Coles\, Australia Post\, Chemist Warehouse\, Anytime Fitness\, D
 an Murphy's\, as well as specialty stores\, niche retailers\, financial in
 stitutions\, professional services\, medical specialists\, bars\, cafes an
 d restaurants.\n\nSurrounded by multiple options for public transport whic
 h easily connects the property to Sydney CBD\, Lower North Shore\, Upper N
 orth Shore and Northern Beaches\, with the B-Line bus stop only 70m* away.
  \n\nProperty Highlights:\n•   Secure\, passive income\; tenant in occup
 ation 30+ years*\n•   Net Income of $160\,000 per annum + GST*\n•   Ne
 w 3 + 3 + 3-year lease with generous 4% annual increases\n•   Prime expo
 sure with excellent street frontage and visibility\n•   Well-maintained 
 strata building\n•   Immediate connectivity to public transport and majo
 r arterial roads\, plus nearby parking options\n•   Future rental growth
  underpinned to significant nearby residential development\n•   Proven i
 nvestment location within North Sydney LGA\, demonstrating strong historic
 al growth\n•  Located in a tightly held market with strong local demogra
 phics and high foot traffic\n\n*All figures are approximate.\n\nFor furthe
 r information or to arrange an inspection please contact:\n\nLogan Grisaff
 e | 0403 916 433\nlogan.grisaffe@raywhite.com
DTEND:20261201T113000
DTSTAMP:20261026T020710Z
DTSTART:20261201T103000
LOCATION:Auctionworks - 50 Margaret Street\, Sydney 
SEQUENCE:0
SUMMARY:Auction: Shop 1/148 Wycombe Road\, Neutral Bay NSW
UID:CRE-2021273434-Auction
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"><html><head><t
 itle></title></head><body><P DIR=LTR>SECURE RETAIL INVESTMENT LEASED TO LO
 NGSTANDING TENANT <br/> Leased to Jennys Boutique\, a well renowned local 
 high end women's fashion retailer who have occupied the property for over 
 30 years*\, this opportunity provides investors with stable and immediate 
 income. The strong covenant secured under a new 3 year lease delivers a lo
 w maintenance\, set and forget investment.\n <br/> \n <br/> The property i
 s ideally situated in the centre of Neutral Bay Village and within walking
  distance to national retailers including Woolworths\, Coles\, Australia P
 ost\, Chemist Warehouse\, Anytime Fitness\, Dan Murphy's\, as well as spec
 ialty stores\, niche retailers\, financial institutions\, professional ser
 vices\, medical specialists\, bars\, cafes and restaurants.\n <br/> \n <br
 /> Surrounded by multiple options for public transport which easily connec
 ts the property to Sydney CBD\, Lower North Shore\, Upper North Shore and 
 Northern Beaches\, with the B-Line bus stop only 70m* away. \n <br/> \n <b
 r/> Property Highlights:\n <br/> •   Secure\, passive income\; tenant in
  occupation 30+ years*\n <br/> •   Net Income of $160\,000 per annum + G
 ST*\n <br/> •   New 3 + 3 + 3-year lease with generous 4% annual increas
 es\n <br/> •   Prime exposure with excellent street frontage and visibil
 ity\n <br/> •   Well-maintained strata building\n <br/> •   Immediate 
 connectivity to public transport and major arterial roads\, plus nearby pa
 rking options\n <br/> •   Future rental growth underpinned to significan
 t nearby residential development\n <br/> •   Proven investment location 
 within North Sydney LGA\, demonstrating strong historical growth\n <br/> 
 •  Located in a tightly held market with strong local demographics and h
 igh foot traffic\n <br/> \n <br/> *All figures are approximate.\n <br/> \n
  <br/> For further information or to arrange an inspection please contact:
 \n <br/> \n <br/> Logan Grisaffe | 0403 916 433\n <br/> logan.grisaffe@ray
 white.com</P></body></html>
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