FRESHWATER

UNDER CONTRACT – Floor Area: Lot 2 490sqm, Lot 3 227sqm, Total 717sqm.

This is the golden opportunity you’ve been waiting for!
Prime investment opportunity in sought after commercial precinct of Freshwater providing a circa 11% Net return!

The property is split over two titles and is currently fully occupied with five separate stable tenants,signed up on long term leases. Bringing in a net income of approximately $232,103 per annum this is the investment you have been looking for.

The tenants are strong consisting of an international fashion label, a quality local building company plus three telecommunication towers from Telstra, Optus & Vodafone.
The building itself is modern and well-constructed of precast tilt slab concrete and masonry. Lot 2 is an industrial warehouse of approximately 355sqm with an office of 135sqm. The office has been extended by 225sqm with an excellent mazzanine to give a total office space of 360sqm. The office is beautifully fitted out with glass partitions and well structured work stations. Lot 3 is an office situated on the top floor of the building with an area of 115sqm and a versatile fitout and buckets of natural light; it also includes an additional 112sqm of roof space which is currently occupied by three telecommunications towers.

Call today to organise an inspection and boost your property portfolio with this gem of an opportunity!

Features:
Circa 11% Net return
Long leases to stable tenants
Approximately $232,103 Net income
Total strata area of 717sqm
12 rooftop parking spaces
Rare availability in Freshwater/North Manly
Information Memorandum available

Auction: Tuesday 9th July 2013 at 10:30am, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000

Location: In a quiet street with little traffic congestion adjacent to Pittwater Rd in Freshwater/ North Manly on Sydney’s Northern Beaches. Manly’s closest industrial area full of trade suppliers. Only 1.5 km from the beach and 2 km to Warringah Mall shopping centre.

** All rentals are per annum and areas / measurements are approximations.Raine & Horne Commercial cannot verify approvals or compliance and takes no responsibility in relation to Mezzanines.Lessees/purchasers must conduct and rely on their own investigations.**