Sold
Retail

Shop 5, 339 Sydney Road Balgowlah, NSW 2093

Sold on 6 Jun 2018
  • Building: 45m²
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Retail in Balgowlah

EXCELLENT RETAIL INVESTMENT IN BALGOWLAH VILLAGE

  • Building: 45m²

We are pleased to present Shop 5, 339 Sydney Road, Balgowlah for Sale by Auction.

Located in the heart of Balgowlah, this property presents as an outstanding investment in an excellent
location on busy Sydney Road. At the centre of the Balgowlah shopping precinct, the premises is situated amongst a trendy retail strip of cafes, restaurants, boutiques and other long standing tenants and moments to Stockland Balgowlah Shopping Centre.

The shop is leased by successful Thai Massage Arokaya, on a new three year lease with a further two year option. The premises has a ground floor area of 45 sqm* and one car space on title. The property offers excellent street exposure with a prominent frontage to Sydney Road.

Property Highlights:

  • Lettable area of 45 sqm*
  • One car space on title
  • Prominent shop frontage
  • Perfect retail position in prime Sydney Road, Balgowlah location
  • Abundance of street parking available
  • Bus stop at the front door to the CBD, Northern Beaches and beyond.

Tenancy Highlights:

  • Arokaya Thai Massage is a successful local business
  • Net rent $37,293.14 + GST per annum*
  • Fixed 4% annual rent increase per annum
  • 3 year lease + 2 year option

*All figures are approximate

Auction Date: Wed 13 June 2018, 10:30am
Location: Level 17, 135 King Street, Sydney NSW 2000

To arrange an inspection or for more information contact:

Scott Stephens
0409 960 006
scott.stephens@raywhite.com

or

Frank Bird
0417 427 310
frank.bird@raywhite.com

Building:

45m²

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