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

Clarke & Humel Property

L1/49 North Steyne

Manly, NSW 2095

Property Highlights

Date Sold	27 Sep 2023
Sold Price	$705,000
Floor Area	104 m²
Land Area	255 m²
Parking	Ask Agent
Property ID	2018434895
Category	Shop & Retail
Last updated	3 Oct 2023

Map for 23/176 South Creek Road Cromer NSW 2099

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

Bus

Train

Tram

Ferry

South Creek Rd Opp Toronto Av	171 m
South Creek Rd After Toronto Av	182 m
Ambleside St At Crummock St	239 m
Fisher Rd North Near Grover Av	287 m

*Within a 4km radius

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Clarke & Humel Property

L1/49 North Steyne

Manly, NSW 2095

Property Highlights

Date Sold	27 Sep 2023
Sold Price	$705,000
Floor Area	104 m²
Land Area	255 m²
Parking	Ask Agent
Property ID	2018434895
Category	Shop & Retail
Last updated	3 Oct 2023

Listed by

Hollie Sheehan

Clarke & Humel Property

Call

0415840235

More about 23/176 South Creek Road Cromer NSW 2099

23/176 South Creek Road Cromer NSW 2099 is categorized as Shop & Retail Property. It has a floor area of 104 m² and a land area of 255 m². The listing ID for this property is 2018434895.