MONA VALE

Affordable investment opportunity! Reduce your risk by spreading the income over two properties. Two tenancies with separate access and both on one title. Retail area of 107m (caf plus alfresco area). Commercial area of 73m.

The property is unique being one of the only retail/food premises in the area and servicing a large industrial workforce nearby.

TENANCY PROFILE:
* New 3 + 3 year lease on the retail space from 1 August 2012
* Long standing tenant occupying the commercial space on 1 + 1 year lease from 1 March 2013
* Rent: $35,000 & $19,329 pa + GST Gross
* Outgoings: $9,753 pa approx.

FEATURES:
* 2 car spaces plus 29m of under ramp storage area, plus additional 4m storage space
* Depreciation allowance, only completed in 2003
* Excellent natural light
* Heavy coated concrete finish driveway
* 3 phase power
* WC, shower & kitchenette
* Affordable price range and strong 7.25% net yield.

LOCATION:
Adjoining G Bros Mercedes Service Centre just off Barrenjoey Road with quick access to Mona Vale and Pittwater Roads. Close to Coles, Fitness First, public transport, retail services, golf courses and beaches.

**All areas/measurements and figures are approximations**