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14/289 Condamine Street
Manly Vale NSW 2093
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Sold on 20 May 2021

14/289 Condamine Street Manly Vale NSW 2093

  • Shop & Retail
  • 55 m²
  • Sold

Beat the Banks. Outstanding Investment Opportunity

Strong Lease - Proven Tenant - 3% Reviews - 5x5 Lease

Fantastic opportunity for astute investors to secure themselves a stable investment with a strong performing tenant in place. Four Brothers Expresso, who have 3 other locations on the Northern Beaches, Seaforth, Mosman, and Warringah Mall. All serving Coffee, Breakfast and Lunch 7 days a week.

The property features floor to ceiling glass windows fronting Condamine Street and is exposed to thousands of cars passing daily. Offering 3% fixed increases with a 5x5 year lease in place, take advantage of these strong terms on offer and jump on this excellent opportunity today.

* Proven Tenant Four Brothers Expresso
* Internal area of 55sqm
* Floor to ceiling glass frontage
* False dropped ceiling
* Main road exposure
* 2 car spaces
* Luxurious large tiled floor
* Disabled amenities
* Food preparation area
* New Air- Conditioning going in
* Rear access from car park
* Exposed to over 6 lanes of traffic
* Exceptional signage ability
* Outgoings: $4,470 (per annum approx.)

TENANCY DETAILS:
Lease Commencement: 16/03/2018
Lease Expiry: 15/03/2023
Lease Term: 5 + 5 Years
Gross Rental: $31,689 + GST
Net Income: $27,219 + GST
Net Return: 5.23% + GST
Rent Review: 3% fixed annual increases

Located in the gateway suburb to the Northern Beaches and amongst a variety of prominent retail chains including KFC, Dan Murphy's, Freedom Furniture, Harvey Norman, Coles, Woolworths and more. Well positioned to service surrounding residents and serving as an attractive location for future tenants.

Call Paul Cunningham on 0413 161 661 or Liam Washburn 0408 033 330 for your inspection today

**All prices are per annum and quoted areas/measurements are approximations only**

Upstate
Upstate
Level 1, Suite 15/888 Pittwater Rd
Dee Why, NSW 2099

Property Highlights

Date Sold20 May 2021
Floor Area55 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2016688432
Category
Last updated  18 May 2021
Map for 14/289 Condamine Street Manly Vale NSW 2093

Nearest transport* to 14/289 Condamine Street Manly Vale NSW 2093

Bus
Ferry
Manly Vale B-Line116 m
Roseberry St After Koorala St163 m
Kenneth Rd Before Condamine St172 m
Condamine St Opp Manly Vale Community Centre236 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Upstate
Upstate
Level 1, Suite 15/888 Pittwater Rd
Dee Why, NSW 2099

Property Highlights

Date Sold20 May 2021
Floor Area55 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2016688432
Category
Last updated  18 May 2021

Co-Agents

Paul Cunningham
Paul Cunningham
Upstate
Call
0413 161 661
Liam Washburn
Liam Washburn
Upstate
Call
0408 033 330

More about 14/289 Condamine Street Manly Vale NSW 2093

14/289 Condamine Street Manly Vale NSW 2093 is categorized as Shop & Retail Property. It has a floor area of 55 m². The listing ID for this property is 2016688432.

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