Industrial Investment with Secure 5.5% Income
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17/32-34 Campbell Avenue, Cromer NSW 2099

$899,000

IndustrialSize: n/a
Secure yourself a great investment property with a strong tenant and solid return. Boasting an excellent position in Cromer's industrial precinct next to the Time & Tide Hotel, this warehouse is a perfect investment property with a strong return for your portfolio.  

* Total area 171sqm | Warehouse area 120sqm | Mezzanine area 51sqm
* High clearance warehouse with full height electric roller shutter door
* Secure investment with DA approved fully licensed brothel
* Well positioned and popular industrial complex with signage options & directory board
* Multiple plumbing options, with showers in each room
* Split system air-conditioning units located throughout
* Internal bathroom with shower included
* 3 car spaces included on title directly out the front of the warehouse
* Outgoings per annum approx. $5,434

TENANCY DETAILS:
* Lease Term, 5 + 5 Years
* Lease Expiry, 31 August 2023
* Gross Income, $54,891 + GST
* Net Income, $49,457 + GST
* Market review at option and 3% annual rent increases

LOCATION:
Located right next to the Time and Tide Hotel on the fringe of Cromer's industrial and commercial centre on Sydney's Northern Beaches. Only 800m from Pittwater Road, the main carriageway for the Northern Beaches, providing access to greater Sydney and a 4 minute drive to the centre of Dee Why and all the services and retail it has to offer. Suitable for many industrial and business activities being Zoned IN1.

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

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

Inspections

No open inspections scheduled.

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Contact Vincent West to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Industrial
Stamp Duty:$33,585*
*These are approximate values based on available information.
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Property history
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Suburb and property insights

Median salesMedian sales
Median Sale Price For Cromer
$672,750
Average Age
44 years
Population
7,592
Cromer's Property Profile
Cromer's Occupancy

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Vincent WestUpstate
Oliver RosatiUpstate
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Listing ID: 178630790. This listing has been viewed 5 times. It was first displayed on 21/08/2020 and last updated on 20/01/2021.