Take the lead on this ready-to-transform strip! Situated in the heart of a blue-chip residential locale, this approx 203sqm retail property will allow a smart developer to dictate the future direction of this boutique shopping strip.
Take this well-located Commercial 1 Zone strip of just seven shops to a new level with an exciting mixed use...
Take the lead on this ready-to-transform strip! Situated in the heart of a blue-chip residential locale, this approx 203sqm retail property will allow a smart developer to dictate the future direction of this boutique shopping strip.
Take this well-located Commercial 1 Zone strip of just seven shops to a new level with an exciting mixed use re-development STCA & Department of Housing approval, look to bigger rewards and make this the first stage of a larger scale development on this as yet untouched strip (subject to Council Approval), or look to the long-term and continue renting until it's time to step up.
Whatever the vision, with an existing 70sqm shopfront currently leased to an excellent long-term tenant and versatile approx 6.18m/120' width enhanced by an easy-access rear ROW, this prime property is at the leading edge of change in this prime beachside suburb.
* Current rental: $1,628.22 pcm - $19,538 pa
* 3x3x3 year lease
* Lease commenced May 2013
* Rental review annually
* Tenant is responsible for statutory outgoings
