Here it is folks. A fantastic opportunity to secure a high quality retail investment in the hub of sought after Collaroy.
This grand opportunity comprises 2 adjoining strata retail shops within the Collaroy Reef luxury apartment development & is currently occupied by the well known Stellar Formal Wear who have occupied these premises for 11 years!
Primly occupying a favourable position, the premises are modern & well maintained with frontage to busy Pittwater road.
Collaroy is a vibrant, commercial seaside suburb which enjoys an arrangement of fabulous beaches, river & eateries & is popular amongst both locals & tourists. This well established suburb has a great mix of both retail & residential properties & has seen an impressive growth within the last 12 months!
More?
Prime retail space + an outstanding central position = an outstanding buy!
Terrific main road exposure + easily accessible
The premises are set in "Collaroy Reef", a luxury apartment development in Collaroy
Comprises 2 strata shops of superb presentation. These are adjoining, interconnecting shops
Featuring large, shopfront display windows, high ceilings & a fantastic, high quality fit out
+ Air conditioning & rear door access to 2 undercover secure car spaces
+ Visitor car parking, easily accessible goods offloading into the shops, use of on site storage room
This is a rare opportunity that should not be missed
Area approx: 73sqm!!!
Other businesses located in this area include:
Long Reef Surf
Alfresco Emporium
Outdoor Shack
Windsurf N Snow Sydney
Larry Adler Ski & Outdoor
Davonne Blinds, Shutters, Curtains & Awnings
Collaroy Paint Place
Liquorland
Wicks Surf
Warringah Council
Lot 42 = $254.50 per quarter
Lot 43 = $254.50 per quarter
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Sub total = $509 per quarter
Total $2,036.00 per annun
Standard Levy details:
Lot 42 = $317.65 inc GST per quarter
Lot 43 = $349.45 inc GST per quarter
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Sub Total = $667.10 inc GST per quarter
Total $2,667.40 inc GST per annun
The asking price of offers over $499,000 for both shows Gross annual return of 8.96%.
