Retail Investment opportunity with 6.8% approx. rental yield.
- Building/Land: 170m² (0.04 acres)
Ray White Gordon / St Ives are proud to present Unit 7 of 213 Mona Vale road, St Ives with existing tenancy.
The Investment opportunity will give you a total income return of $110,800 per annum (Incl. GST) approx. with a gross rental yield (Total income ex GST / 1,500,000) of approximately 6.8%.
Investments like this are few and far between especially when you are offered an 86 sqm approx. total floor area of prime retail apace accompanied with a 19.2 sqm approx. single lock up garage and cool room equipment.
There is an additional 65.6 sqm approx. storage comprising of 2 x Double lock up garages.
The Retail space is leased to a trendy and exciting Pizza and Gelato operator (rossocavallino.com.au) with a potential lease length of 12 years (periodic breaks and reviews are included) at a rent of $90,000 per annum (incl GST). The lettable area covers the total retail space including the single lockup garage (105.2 sqm approx.).
In a separate lease deal, we are also offering the 2 x double lock up garages at $200 per week each ($400 per week total) giving you an additional income of $20,800 per annum incl. GST.
This property has one of the heaviest footfall and traffic flows in St Ives without the 8am - 6pm restriction on operating hours meaning that Vacancy rates for the strip should remain low.
Council rates: $533 per quarter.
Water Rates: $214 per quarter.
Strata Rates: $1,215 per quarter.
*Unit 7 - Ground Floor Retail (170sqm approx.) Zoned B2 Local Centres
*Rear access + 2 x DLUG + 2 x Storage + 4 x cool rooms.
*Exciting Pizza and Gelato operator with delivery and takeaway track record.
*One of the best business locations in St Ives with extended trading hours.
*Close to local business, residents, schools and transport.
*Rear access for delivery and storage, customer parking available in common area.
*Total Rent of $110,800 per annum incl GST and 170.8 sqm approx. total area offered.
*Please contact Ari 0433227958 or firstname.lastname@example.org
170m² / 0.04 acres
B2 - Local Centres
Retail, Offices, Medical/Consulting