Property ID: 1P4688
1/1015-1023 Old Princes Highway Engadine NSW
RETAIL SHOP LEASED TO RESTAURANT! + FUTURE UPSIDE POTENTIAL!
Gunning Real Estate is pleased to present for sale via Public Auction (if not sold prior) this fantastic investment opportunity. The property on offer is a small ground floor strata shop, fully fitted out and leased to a restaurant.
The property is located within a popular suburban business hub situated just 1-2 doors down from Club Engadine and Engadine Central Shopping Centre which features many specialty stores and is anchored by supermarket giant Woolworths.
The shop is part of a small strata scheme situated on a large circa 1,500sqm block of land. Hence future upside may come from amalgamating the strata for redevelopment. In the interim the rear of the site serves as a large car park for tenants & customers and provides easy rear lane access for loading and deliveries.
KEY FEATURES
- Size: 96sqm*
- Large car park at rear
- Fitted out & leased to a restaurant
- Current income: $39,098.40 p.a. + GST
- Future upside potential
* Approximately - as per strata plan
AUCTION DETAILS
Date & Time: Thursday 19th April 2018 @ 6pm
Venue: Doltone House - 223 Belgrave Esplanade, Sylvania Waters NSW 2224
SEE ATTACHED INTERACTIVE FLOOR PLAN!
For more information or to inspect the property, please contact our Hurstville Office on 02 9698 0222 or:
William Gunning
M: 0413 610 194
E: williamg@gunningre.com.au
James McKenny
P: 0423 048 814
E: jamesm@gunningre.com.au
The property is located within a popular suburban business hub situated just 1-2 doors down from Club Engadine and Engadine Central Shopping Centre which features many specialty stores and is anchored by supermarket giant Woolworths.
The shop is part of a small strata scheme situated on a large circa 1,500sqm block of land. Hence future upside may come from amalgamating the strata for redevelopment. In the interim the rear of the site serves as a large car park for tenants & customers and provides easy rear lane access for loading and deliveries.
KEY FEATURES
- Size: 96sqm*
- Large car park at rear
- Fitted out & leased to a restaurant
- Current income: $39,098.40 p.a. + GST
- Future upside potential
* Approximately - as per strata plan
AUCTION DETAILS
Date & Time: Thursday 19th April 2018 @ 6pm
Venue: Doltone House - 223 Belgrave Esplanade, Sylvania Waters NSW 2224
SEE ATTACHED INTERACTIVE FLOOR PLAN!
For more information or to inspect the property, please contact our Hurstville Office on 02 9698 0222 or:
William Gunning
M: 0413 610 194
E: williamg@gunningre.com.au
James McKenny
P: 0423 048 814
E: jamesm@gunningre.com.au
Features
- Air Conditioning
- Car Parking - Surface
- Close to Schools
- Close to Shops
- Close to Transport
- Exhaust
