We take pleasure in offering one of the Northern Beaches most dynamic investment/development opportunities.
Currently tenanted by a well established, award winning Child Care provider, this supreme opportunity is situated on a North/Eastern block of land, on the corner of Lagoon Street and Tourmaline Street in Narrabeen.
Nestled moments from both the sands of Narrabeen Beach and the tranquility of Narrabeen Lake in an idyllic, child friendly neighbourhood, this property is otherwsie known as lot 8, SEC54 DP 4888, being within an R3 zone. This zoning potentially allows for greater density than present.
Current lease is in place until December 2016 with an option, annual rent reviews are at 4% with the lessee paying all outgoings.
An opportunity that should not be overlooked, with a solid rental income & long standing tenant, this is a must to inspect.
