ASX LISTED BANK INVESTMENT ICONIC MANLY BEACH LOCATION

Highlights

• GUIDE 5% YIELD - TRIPPLE NET LEASE
• STRATA AREA 106SQM + PARKING
• 5 YEAR LEASE TO 2026 + 4 x 5 YEAR OPTION

Description

The retail shop is located in highly sought after "Rialto square", set in the heart of Manly's thriving cosmopolitan and tourist strip with direct access to The Corso.

SHORE Commercial Property as exclusive selling agents, is pleased to present Shop F / 15-25 Wentworth Street, Manly

The property has the following key investment highlights:

+ Strata area 106sqm + 1 secure basement parking space
+ Long established lease to Bank of Queensland: Top 100 ASX listed company (ASX: BOQ)
+ Renewed 5 year (net) lease to Bank of QLD to 2026 + 4 x 5 Year Options
+ Tenant paying all outgoings as per the lease
+ Strategic retail hub on Sydney’s Northern Beaches located in the popular Rialto Square Precinct.
+ Net Income: $125,042 pa* + GST

To be be sold via Public Auction.
*Approx