Sold
399-405 The Entrance Road,
Long Jetty 2261, New South Wales
$2,090,000
Property details
-
Agents
FULLY LEASED ARCADE
Ray White Commercial (SC) in conjunction with Ray White Long Jetty is pleased to present 399-405 The Entrance Road, Long Jetty to market. This substantial investment opportunity is offered for sale.
The property offers investors a secure income stream from five (5) established tenancies over 8 individual shops together with 7 parking spaces at the rear. With a net income of approximately $120,000 per annum, this substantial piece of real estate benefits from a flexible, B2 zoning allowing for future development upside (S.T.C.A).
Long Jetty is situated in the heart of the NSW Central Coast and is bordered by Tuggerah Lake and Shelly Beach which is considered one of the most popular surfing beaches on the central coast. Long Jetty is set to benefit from a significant projected population increase as well as major infrastructure upgrades in the pipeline for the Central Coast region.
Additional highlights of the property are outlined below:
• Site area of 975 sqm*
• Current, fully leased income of $134,537.00*
• Total floor area of 560 sqm* (subject to survey plan)
• 5 separate tenancies across 8 individual shops
• Low outgoings
• Flexible B2 zoning (Local Centre)
• Height Limit - 16m
• Floor Space Ratio (FSR): 1.5 : 1
This investment opportunity is offered for sale. Price guide - $2,100,000.
For more information, please contact the selling agents.
*approximately
^Subject to Council Approval (S.T.C.A)
#We note that a DA has been approved on the property for a Fire Safety Upgrade. These works have not yet been undertaken. For the further information, please refer to the Due Diligence Material and Contract of sale. All purchasers must undertake their own due diligence.
The property offers investors a secure income stream from five (5) established tenancies over 8 individual shops together with 7 parking spaces at the rear. With a net income of approximately $120,000 per annum, this substantial piece of real estate benefits from a flexible, B2 zoning allowing for future development upside (S.T.C.A).
Long Jetty is situated in the heart of the NSW Central Coast and is bordered by Tuggerah Lake and Shelly Beach which is considered one of the most popular surfing beaches on the central coast. Long Jetty is set to benefit from a significant projected population increase as well as major infrastructure upgrades in the pipeline for the Central Coast region.
Additional highlights of the property are outlined below:
• Site area of 975 sqm*
• Current, fully leased income of $134,537.00*
• Total floor area of 560 sqm* (subject to survey plan)
• 5 separate tenancies across 8 individual shops
• Low outgoings
• Flexible B2 zoning (Local Centre)
• Height Limit - 16m
• Floor Space Ratio (FSR): 1.5 : 1
This investment opportunity is offered for sale. Price guide - $2,100,000.
For more information, please contact the selling agents.
*approximately
^Subject to Council Approval (S.T.C.A)
#We note that a DA has been approved on the property for a Fire Safety Upgrade. These works have not yet been undertaken. For the further information, please refer to the Due Diligence Material and Contract of sale. All purchasers must undertake their own due diligence.
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Contact Samuel Hadgelias
Contact Samuel Hadgelias
Samuel Hadgelias
399-405 The Entrance Road, Long Jetty NSW 2261
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Samuel Hadgelias
399-405 The Entrance Road, Long Jetty NSW 2261