Shop 3/46-52 Kentwell Road, Allambie Heights

An exceptional opportunity to secure a long leased retail investment delivering strong income with built in growth, positioned to outperform typical bank returns in the current market.

This high performing retail investment in one of the Northern Beaches most tightly held neighbourhood centres. Currently leased to the popular ‘Split Café’ the property delivers consistent income, fixed annual growth and strong underlying fundamentals, supported by a dense residential catchment and steady passing traffic. With annual rental increases of 4%, this asset provides a genuine hedge against inflation, while delivering a return profile that compares favourably to traditional bank investments. Previously a successful and well known local bakery, ‘Crispy Pies’ for 15 years.

The property comprises a modern street level retail shop within a mixed use development, with residential apartments above.

* Area – 53sqm
* Full height glass shopfront with strong exposure
* Outdoor seating enhancing customer appeal
* Existing café fitout
* Excellent signage opportunities
* 3 secure undercover car spaces
* Shared amenities
* High yielding retail investment – 6.23% Net
* Secure lease to established café operator
* Long lease plus option term
* 4% annual rental increases
* Strong local catchment and passing trade
* Low maintenance asset
* Entry level Northern Beaches investment
* Zoning – E1 Local Centre

Positioned on Kentwell Road, Allambie Heights, the property occupies a high exposure location along a key arterial road link connecting Pittwater Road to the Allambie retail precinct, benefiting from strong passing traffic and established local trade. The property is surrounded by residential apartment buildings, medical and service based operators and local convenience retail. With public transport at the doorstep and both primary and high schools located nearby in Allambie Heights, the property benefits from strong daily activity and convenience.

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

***All areas/measurements are approximations. It is up to lessees/purchasers to conduct their own investigations regarding any approvals required by governing authorities***