POTENTIAL:
Sydney's Northern Beaches are experiencing a surge in development and infrastructure projects, driven by the overflow from the bustling areas of Macquarie Park, North Ryde, and Chatswood. This trend is generating increasing interest from tenants seeking campus-style properties with ample car parking, yet without the premium prices of the more established northern suburb commercial hubs.
This exceptional commercial property presents a robust investment with a strong rental income and significant redevelopment potential. Currently yielding over $1,000,000 per annum in gross rent, with net costs of approximately $300,000, the property offers a healthy and stable income stream.
Location: Northern Beaches, Sydney Land Size: Approx. 6,454m² Building Size: Approx. 3,518m² Annual Gross Rent: Just over $1,000,000 Net Costs: Approx. $300,000
PROPERTY:
This property offers an outstanding investment opportunity with stable income and substantial growth potential through redevelopment. With the dynamic development in the surrounding areas, now is the perfect time to invest in Sydney's Northern Beaches and capitalize on the rising demand for versatile commercial spaces.
High Rental Yield: Secure an attractive income with gross rent exceeding $1,000,000 per annum. Cost Efficiency: Manageable net costs of approximately $300,000 per annum. Redevelopment Opportunity: Potential to DA for conversion to alternative uses, enhancing future value. Strategic Location: Benefit from the ongoing development and infrastructure expansion in Sydney's Northern Beaches. Niche Market Appeal: Ideal for tenants looking for large, campus-style spaces with abundant car parking, without the high costs of more central commercial areas.
For further details and to arrange an inspection, please contact agent. Don't miss this chance to secure a prime commercial property in one of Sydney's most rapidly developing regions.
DISCLAIMER: While Richard Matthews Real Estate have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Richard Matthews Real Estate urge prospective purchasers to make their own inquiries to verify the information contained herein.