Vincent West

Frenchs Forest

3-4/55 Sorlie Road

Sold SOLD CONTACT AGENT
234 sqms

Key details

Property Type Retail

Highlights

Premium Retail Investment with National Tenant – Net Yield 5.75%

* Total internal area: 234m2
* Total internal area: 234m2
* Long standing secure tenant on a 5+5 year lease
* DA approved gym operation
* Two separate lots combined for this tenancy – offering great future flexibility
* Modern security building in tranquil setting
* Excellent street/signage exposure with full height glass windows
* Ducted A/C throughout
* Currently fitted out as a gym operation with reception, open floor space, 3 separate offices and a breakout room
* 2 bathrooms with showers included
* 4 car spaces on title
* 2 additional separate storage rooms on title
* Common disabled bathroom facilities
* 29 visitor under cover car park with internal lift and additional street parking out the front and surrounding streets
* Disabled access from the street or lift from visitors car park
* Zoning - B1 Neighbourhood Centre
* Outgoings - $17,848 per annum approx.

Lease Details;
* Tenant – Vision Personal Training Studio (Gym)
* 5 + 5
* Expiry – April 2025
* Reviews – 2.5% annually
* Security – $20,853.30
* Net Rent – $88,253 + GST
* Outgoings – 100% payable by the tenant

Neatly positioned on the ground floor fronting directly onto Sorlie Road, with its leafy surrounds and community feel, this shop is perfectly situated close to all local amenities. Moments away from schools, Lionel Watts reserve and Frenchs Forest showground, Glenrose Shopping Village, bus stops and main roads, the property is very well placed in terms of connectivity, convenience and accessibility.

Call Vincent West on 0403 444 000 or Oliver Rosati 0428 877 888 today for your inspection.

**All rentals are per annum and quoted areas/measurements are approximations only**

Contact the agent

Vincent West

Commercial Licensee/Director in Charge

0403 444 000

Oliver Rosati

Licensed Commercial Sales & Leasing Agent

0428 877 888

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Frenchs Forest Neighbourhood Profile

Your Concierge

Real Estate Agent Frenchs Forest – Upstate: The Trusted Property Companion

Deep-rooted in the heart of the Northern Beaches, Upstate real estate is your trusted property companion, keenly attuned to your property aspirations in Frenchs Forest. As the leading real estate team in the area, we strive to deliver beyond expectations, offering a suite of real estate services tailored to suit your needs. With North Sydney’s best beaches just down the road and the CBD just a 13km ride away, the small, local, and family-friendly community of Frenchs Forest is shaping up to be the new ‘it’ suburb north of the city. The sense of pride amongst its neighbourhoods is infectious as friendly locals meet and greet each other on the quiet streets, with several great schools nearby making this area a huge drawcard for young families looking for space to grow.

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