One of the largest commercial land holdings at Spit Junction, this property represents an excellent investment opportunity with significant upside and development potential (STCA).
Offering over 11 metres (approx.) of frontage to Spit Road and dual access to Hordern Lane, the property is adjacent to Bridgepoint Shopping Centre with anchor tenants Supa IGA and Harris Farm, 35 specialty tenants and 268 public car spaces.
Sitting on 478sqm (approx.) of level land, the single and double storey existing structure comprises three retail and commercial tenancies. The three existing tenancies currently return approximately $147,131 + GST net income per annum.
An outstanding opportunity to capitalise on the significant development potential (STCA). Town Planning controls allow FSR of 2.5:1 and 15 metre height limit within B2 zoning.
* Land area of 478sqm (approx.)
* Net lettable area of 472sqm (approx.)
* Current net rent $147,131 + GST per annum (approx.)
* Situated in a prime location at Spit Junction, and only metres to Mosman's main bus stop
* Leased to three tenants - Sydney Sports & Athletic Performance, Mosman Nails & Waxing and BRAGG Australia.
* Development potential (STCA)
* 2 car spaces
Proudly marketed by LJ Hooker Retail & Commercial. Please contact Scott Stephens or Tim Abbott for further information or to arrange an inspection on 9969 1500 or sstephens@ljhooker.com / tabbott@ljhooker.com
