Bondi Beach Retail Investment With Long Term Tenant
Address
Lot 8/178 Campbell Parade, Bondi Beach
NSW
Area
57.00 m²
Details
Mercer Property is delighted to offer an exceptional retail investment at Lot 8/178 Campbell Parade, Bondi Beach for Sale via Public Auction.
Bondi Beach is a world-famous destination, celebrated for its stunning surf, vibrant hospitality venues, and diverse retail strips. Each year, it attracts 3 million visitors, making it a favourite spot for both tourists and locals.
Situated in The Beach House Lane development, "Annex Bondi Beach" is a successful retail operator with locations in Byron Bay and Bondi Beach. This shop boasts a prime position on Gould Street, one of Sydneys premier areas for food, lifestyle, and fashion. The space encompasses 38 sqm of net lettable area and includes the rare benefit of a secure car space within the development.
Key features include:
- Net Income of $126,350.00 p.a. + GST
- Brand new 5-year lease to 2029
- Proven tenant - 13+ years of occupation
- 38sqm NLA + 19sqm storage & car space
- Extremely low vacancy nearby
- Alternating fixed 4% & CPI rent increases
- Attractive Net Lease Structure - tenant paying 100% of outgoings
Method of Sale:
Public Auction.
Auction Time/Date:
The auction will be held by Auction Works, Mezzanine level, 50 Margaret Street, Sydney on Tuesday 3rd December 2024. The auctions will be commencing at 10:30 am (AEDT).
Inspection Times:
Via appointment.
A comprehensive Information Memorandum & Sale Contract can be made available through the exclusive agents;
Tom Speakman: 0412 891 330
Dillon Frain: 0416 867 155
Bondi Beach is a world-famous destination, celebrated for its stunning surf, vibrant hospitality venues, and diverse retail strips. Each year, it attracts 3 million visitors, making it a favourite spot for both tourists and locals.
Situated in The Beach House Lane development, "Annex Bondi Beach" is a successful retail operator with locations in Byron Bay and Bondi Beach. This shop boasts a prime position on Gould Street, one of Sydneys premier areas for food, lifestyle, and fashion. The space encompasses 38 sqm of net lettable area and includes the rare benefit of a secure car space within the development.
Key features include:
- Net Income of $126,350.00 p.a. + GST
- Brand new 5-year lease to 2029
- Proven tenant - 13+ years of occupation
- 38sqm NLA + 19sqm storage & car space
- Extremely low vacancy nearby
- Alternating fixed 4% & CPI rent increases
- Attractive Net Lease Structure - tenant paying 100% of outgoings
Method of Sale:
Public Auction.
Auction Time/Date:
The auction will be held by Auction Works, Mezzanine level, 50 Margaret Street, Sydney on Tuesday 3rd December 2024. The auctions will be commencing at 10:30 am (AEDT).
Inspection Times:
Via appointment.
A comprehensive Information Memorandum & Sale Contract can be made available through the exclusive agents;
Tom Speakman: 0412 891 330
Dillon Frain: 0416 867 155
