BRAND NEW LEASE! BRAND NEW LEASE FOR 7 YEARS SECURED | MEDICAL-BASED TENANT

Highlights

• BRAND NEW LEASE FOR 7 YEARS SECURED
• LEASE SECURED BY A MEDICAL TENANT
• TENANT PAYS ALL OUTGOINGS

Description

Situated in a small neighborhood shopping center and within a short walk of the main Avalon Shopping District and Avalon Beach, Avalon is located on Sydney's upper Northern Beaches and is well-serviced by all the necessary amenities, serving as the gateway to some of the Northern Beaches' most exclusive properties.

Shore Commercial Property, acting as exclusive agents, is delighted to present Shops 9 and 10, located at 57 Avalon Parade, Avalon Beach, for sale. These premises offer a unique opportunity to acquire dual titles in a coveted location with brand new tenants and a brand new 7-year lease with a 7-year option to a successful local physio.


Key Features:

• Northern Beaches' best investment opportunity available to buy
• BRAND NEW LEASE SECURED: 7-YEAR LEASE & 7-YEAR OPTION
• Lease secured by a medical tenant in the physiotherapy industry
• New tenant pays 100% of outgoings. Net rent: $130,000 p.a. + GST
• Annual increases of 5% (estimated net rent after year 7: $174,212 p.a. + GST)
• Total area: 187 m²* (Shop 9: 79 m² and Shop 10: 108 m²)
• Existing lessee pays outgoings, strata, council, and water
• Tenanted by a successful and reliable business
• Located in a complex with five other shops, cafes, and a doctor’s office
• Equipped with shared amenities, including male, female, and disabled bathrooms
• Exceptional natural light from floor-to-ceiling windows
• 7 underground parking spaces, visitor parking
• Commercial loading area and a commercial bin room
• 12m-wide glass frontage, enhancing its visibility and appeal