Oliver Rosati

Freshwater

15/1-3 Moore Road

Sale Contact Agent
75 sqms

Key details

Property Type Retail
Water $0 / Quarter
Council $0 / Quarter
Strata $0 / Quarter

Highlights

Tightly Held Beachside Retail Investment Opportunity - 4% Net yield with upside in the lease conditions

Opportunities like this do not come up often, a fully leased & newly renovated retail space, especially in the desirable coastal suburb of Freshwater. Located right next door to the brand-new Mrs Jones The Baker, the property has great potential to capitalise on this highly exposed, renewed corner position. This property poses a chance for a investor to purchase a unique property in the heart of Freshwater Village.
Opportunities like this do not come up often, a fully leased & newly renovated retail space, especially in the desirable coastal suburb of Freshwater. Located right next door to the brand-new Mrs Jones The Baker, the property has great potential to capitalise on this highly exposed, renewed corner position. This property poses a chance for a investor to purchase a unique property in the heart of Freshwater Village.

* Total internal area: 75m2
* Large frontage with new windows and outdoor seating (STCA)
* Everything in the shop is newly renovated 18 months ago
* High foot traffic location with excellent exposure and signage opportunities
* Upside in the current lease in the near future with a strong tenancy in place
* Popular retail shopping precinct – Freshwater Village
* Invest into a very popular beachside suburb with strong growth and demand trends
* Exhaust ventilation and grease trap and rear access to loading dock within the building
* Communal separate male and female amenities and rear access to shop
* Multiple options for customer and staff parking with undercover or rooftop car spaces within the village complex or plenty of street parking around
* Outgoings per annum approx. $12,720 + GST

Tenancy Details
* Tenant – Pizza Ah (currently operating 2 stores & expanding to open more!)
* Term - 5 + 5
* Start – April 2021
* Net Rent - $85,000 + GST Net
* Fixed increases to $90,000 in April 2023 and $95,000 in April 2024

Freshwater Village is positioned only 450m to the beach, 2.5kms from Manly, 3km to Warringah Mall and 18km from Sydney CBD. Freshwater is a popular beachside suburb with trendy bars, restaurants, cafes and boutique fashion and homewares retail. The suburb is easily accessible via main roads and public transport.

Call Oliver Rosati on 0428 877 888 or Vincent West on 0403 444 000 today for your inspection.

**All prices are per annum and quoted areas/measurements are approximations only**

Contact the agent

Oliver Rosati

Commercial Sales and Leasing Agent L.R.E.A

0428 877 888

Vincent West

Commercial Licensee/Director in Charge

0403 444 000

Would you like us to contact you
in relation to this property?

Freshwater Neighbourhood Profile

Your Concierge

Freshwater is the perfect proof that good things come in small packages. At only 2km2, this cosy intimate suburb boasts 5 stunning parks, 3 schools, a vibrant local community, plenty of cafés and restaurants, and world-class surf beaches. And with only 17km between Freshwater and the Sydney CBD, you get the best of both worlds - very little local traffic, but a quick city commute if needed.

VIEW FULL PROFILE

Selling before you purchase

Simply enter your address below and find out the value of your home.

Be the first to know about new
properties that will interest you
before they hit the market

BECOME AN UPSTATE INSIDER

Property & real estate news

Understanding the Northern Beaches like the back of our hands allows us to offer impeccable levels of service and elicit
the most favourable sale price (we also know the best local surf breaks, if you’re interested).

How we’re pioneering new real estate tech in 2021 (all for you!)

18 March 2021

Read more

Northern Beaches Commercial Real Estate is on the way up!

1 June 2020

Read more

The Month That Was During COVID-19: March property sales higher than last year

7 April 2020

Read more

What a Time for Real Estate: Leased Without One Foot Through the Door!

1 April 2020

Read more