1/2 Bungan Lane, Mona Vale

Upstate Commercial is pleased to offer Shop 1/2 Bungan Lane, Mona Vale a well-presented ground-level retail space situated in the heart of Mona Vale’s bustling business precinct. This strata-title property offers a secure investment with an existing tenancy and is an ideal addition to any investment portfolio.

* Total Area: 103sqm (approx.)
* Open-plan layout
* Polished concrete floors, exposed air-conditioning system
* Floor-to-ceiling windows providing excellent natural light
* Internal kitchenette
* Under stair storage (10sqm approx.)
* Ceiling height 2.4m (approx.)
* Public parking in the adjoining lane and the nearby Northern Beaches Council parking station
* Net Yield: 5.1% per annum
* Current rental: $64,896 + GST per annum
* Lease Term: 3 + 3 years (the tenant exercised their 3 year option, rent from April 2026 – $68,500 Gross + GST. Circa 5.5% Net return).
* Lease date: April 2023 – April 2026
* Rent reviews: 3% per annum
* Tenant: Popular, well-known local hairdressing salon
* Zoning: MU1 Mixed Use I Northern Beaches Council

Situated in a boutique contemporary mixed-use building of only 10 shops/suites, this property boasts exceptional street presence and exposure with easy client access. Located in the heart of Mona Vale’s retail precinct and shopping village, it is only a few minutes away from the beach, offering excellent opportunities for your business to engage with the local Northern Beaches community.

Call Paul Cunningham 0413 161 661 or Saxon Stonehouse on 0408 033 330 today for an inspection.

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