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23/176 South Creek Road
Cromer NSW 2099
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Sold on 27 Sep 2023

23/176 South Creek Road Cromer NSW 2099

  • Shop & Retail
  • 104 m²
  • Sold, $705,000

Café Investment within Popular Industrial Park

  • Internal 52sqm + 52 sqm covered terrace
  • Five car spaces
  • Existing 5-year lease expiring October

Located in Cromer's premier industrial estate, on the eastern side of South Creek Road between Middleton Road and Penrith Avenue. This property is currently leased to a café that services the entire industrial estate. The property comes with five designated car spaces for staff and customers, making it effortless for both the tenant and their customers to access the store. This investment property offers exceptional value.

* Land on title 255sqm
* Internal 52sqm + 52sqm covered terrace
* Five car spaces
* Existing 5-year lease expiring October 2027
* 5-year option to October 2032
* Annual rent $46,929 PA + GST
* Net return of $43,197.8 pa + GST
* Annual increase of 4%
* Alfresco outdoor seating area
* Located Industrial complex with over 70 factories

Property Highlights

Date Sold27 Sep 2023
Sold Price$705,000
Floor Area104 m²
Land Area255 m²
ParkingAsk Agent
Property ID2018434895
Category
Last updated  2 Oct 2023
Map for 23/176 South Creek Road Cromer NSW 2099

Nearest transport* to 23/176 South Creek Road Cromer NSW 2099

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Property Highlights

Date Sold27 Sep 2023
Sold Price$705,000
Floor Area104 m²
Land Area255 m²
ParkingAsk Agent
Property ID2018434895
Category
Last updated  2 Oct 2023
L1/49 North Steyne Manly NSW 2095

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