Auction
Shop 1/148 Wycombe Road,
Neutral Bay 2089, New South Wales
Property details
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Agents
SECURE RETAIL INVESTMENT LEASED TO LONGSTANDING TENANT
Leased to Jennys Boutique, a well renowned local high end women's fashion retailer who have occupied the property for over 30 years*, this opportunity provides investors with stable and immediate income. The strong covenant secured under a new 3 year lease delivers a low maintenance, set and forget investment.
The property is ideally situated in the centre of Neutral Bay Village and within walking distance to national retailers including Woolworths, Coles, Australia Post, Chemist Warehouse, Anytime Fitness, Dan Murphy's, as well as specialty stores, niche retailers, financial institutions, professional services, medical specialists, bars, cafes and restaurants.
Surrounded by multiple options for public transport which easily connects the property to Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches, with the B-Line bus stop only 70m* away.
Property Highlights:
• Secure, passive income; tenant in occupation 30+ years*
• Net Income of $160,000 per annum + GST*
• New 3 + 3 + 3-year lease with generous 4% annual increases
• Prime exposure with excellent street frontage and visibility
• Well-maintained strata building
• Immediate connectivity to public transport and major arterial roads, plus nearby parking options
• Future rental growth underpinned to significant nearby residential development
• Proven investment location within North Sydney LGA, demonstrating strong historical growth
• Located in a tightly held market with strong local demographics and high foot traffic
*All figures are approximate.
For further information or to arrange an inspection please contact:
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
The property is ideally situated in the centre of Neutral Bay Village and within walking distance to national retailers including Woolworths, Coles, Australia Post, Chemist Warehouse, Anytime Fitness, Dan Murphy's, as well as specialty stores, niche retailers, financial institutions, professional services, medical specialists, bars, cafes and restaurants.
Surrounded by multiple options for public transport which easily connects the property to Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches, with the B-Line bus stop only 70m* away.
Property Highlights:
• Secure, passive income; tenant in occupation 30+ years*
• Net Income of $160,000 per annum + GST*
• New 3 + 3 + 3-year lease with generous 4% annual increases
• Prime exposure with excellent street frontage and visibility
• Well-maintained strata building
• Immediate connectivity to public transport and major arterial roads, plus nearby parking options
• Future rental growth underpinned to significant nearby residential development
• Proven investment location within North Sydney LGA, demonstrating strong historical growth
• Located in a tightly held market with strong local demographics and high foot traffic
*All figures are approximate.
For further information or to arrange an inspection please contact:
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
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Contact Logan Grisaffe
Contact Logan Grisaffe
Logan Grisaffe
Shop 1/148 Wycombe Road, Neutral Bay NSW 2089
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Logan Grisaffe
Shop 1/148 Wycombe Road, Neutral Bay NSW 2089