Positioned at the beach end of tightly held North Haven, 73 The Parade offers a commercial freehold investment with immediate income and future upside. Leased to Laurieton Seafoods and returning $47,500 pa + GST net, the property reflects an approximate 5.95% net return at the asking price of $799,000. Set directly opposite parkland and a popular family playground, the property also benefits from a prominent coastal position with strong local appeal. With a flexible building history and underlying residential zoning, there is longer-term potential for repositioning or redevelopment, subject to approvals. Information Memorandum available on request.
Key features:
* Commercial freehold investment* Existing tenancy in place* Net rent of $47,500 pa + GST* Approx. 5.95% net return at asking price* 49935 sqm land area* Approx. 255sqm building area* Lease in place to Laurieton Seafoods* Beach-end North Haven location opposite parkland and playground* Future upside potential, subject to approvals
Information Memorandum available on request
Note: Business is not for sale
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee it's accuracy. Prospective purchasers are advised to carry out their own investigations.
