A Striking Investment

8-10 Sunset Avenue,Barrack Heights NSW 2528

$2,000,000

RetailSize: n/a
Retail size: 1045 m² approx.
8-10 Sunset Avenue, Barrack Heights, over 2 lots with a total area land area of approx. 2,546m and a building area of approx. 1,100m being offered to the market for the first time for sale via expressions of interest.

Purposely built and designed, the property has been fully lease for the last 20 years to a bowling operator. With an initial lease till 31 October 2019 and a further 3 x 3 year option terms, presents an investor with good opportunity to land bank the property in what is a tightly held market.

Internally, the premises has been recently refurbished by the lessee



Passing Income of $ 123,128P.A. (inclusive of GST)
Lessee responsible for 100% water rates, water usage and grease arrestor costs.
Annual Increase of CPI
Fully secured lease.
Estimated current outgoings $13,247.00

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Block map

Block Map

Key Details

Property Type:Retail
Lot:4
Plan Type:DP
Plan:713819
Retail Size:1045 (approx)
Stamp Duty:$95,490

Map

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What's Nearby

Warilla Primary SchoolPrimary School
0.4km
Lake Illawarra High SchoolHigh School
2.1km
Shellharbour HospitalHospital
1.6km
Stockland Shellharbour Shopping CentreMajor Shopping Centre
1.8km
Sule College Illawarra CampusCollege
1.7km
Post OfficePost Office
0.8km

Barrack Heights Suburb Information

 
 
Average Age
40 years
Population
6,016
Barrack Heights Profile
Barrack Heights Occupancy
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This listing has been viewed 52 times. It was first displayed on 04/05/17 and last updated on 24/07/18.