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Sold on 24 Oct 2018

10-12 Bungan Street Mona Vale NSW 2103

  • Retail
  • 338 m²
  • Sold

Sydney Northern Beaches ANZ Freehold Investment

Investment Portfolio Auction 11am AEDT Tuesday 23 October 2018, Sydney

Fully leased to ANZ for 10 years until 2025 + options to 2040
ANZ: a top 4 ASX listed company with $84 billion market cap
ANZ is a long term occupant of subject building
Ultra modern ground floor bank branch + business banking centre on first floor
Recent extensive building upgrade plus ANZ fitout to latest corporate standards
Highly desirable and affluent Northern Beaches location
Tightly held and vibrant retail village set to undergo major urban design and streetscape upgrades
Proposed zoning uplift allowing future development potential (STCA)
Tenant pays outgoings as per lease
Attractive 3.5% annual rent increases (Aug. 2024 rent: $320,281 pa + GST)

Net Income: $260,549 pa + GST

Property Highlights

Property ID2014655298
Date Sold24 Oct 2018
Floor Area338 m²
Land Area293 m²
ParkingAsk Agent
Last updated  29 Oct 2018
Map for 10-12 Bungan Street Mona Vale NSW 2103
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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