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14/289 Condamine Street Manly Vale NSW 2093

  • Shop & Retail
  • 55 m²
  • For Sale, $520,000 + GST

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
    Net Income: $26,296 + GST
    Net Return: 5.05% + 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**

    Property Highlights

    Property ID2016688432
    Floor Area55 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  11 Jan 2021
    Map for 14/289 Condamine Street Manly Vale NSW 2093
    Map for 14/289 Condamine Street Manly Vale NSW 209314/289 Condamine Street Manly Vale NSW 2093
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2016688432
    Floor Area55 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  11 Jan 2021
    Upstate
    Level 1, Suite 15/888 Pittwater Rd Dee Why NSW 2099

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