North Narrabeen

Property ID: 1P1792

$3.2m
Building Size
288 sqm
Type
Retail
Contract
For Sale
Land Size
354 sqm
Frontage
9.82 m
Car Spaces
4
Garage
2
Condition
Fully Renovated
Zoning
R2 Low Density Residential
Council Rates
$4400 yearly
Land Tax
$8196 yearly
 

Unique Landmark Location – Freehold Building – Great Investment

Hardy's 1 are excited to be appointed as marketing agents for the sale by Private Treaty for this charming beach side property at 1 Narrabeen Park Parade, North Narrabeen. Located just steps from the shores of the tranquil Narrabeen Lagoon and the world famous North Narrabeen Beach. This is arguably one of the best locations for a restaurant/cafe on the Northern Beaches which epitomizes the casual lifestyle and vista that is on offer to local residents that they so revere. The property is being sold with a new long-term tenancy in place and would make a great long term asset for a property investment portfolio.

Features include:
• A uniquely located freehold building just meters from water's edge
• Exceptional exposure year round to both pedestrian and motor vehicle traffic
• The building has been recently refurbished with quality finishes throughout
• Flexible Restaurant / café layout with central kitchen perfect for functions
• Indoor and casual outdoor dining areas with undercover seating
• Popular eatery all year round
• A new 5 year + 5 year tenancy commencing March 2020
• Passing rent of $130,000 + GST per annum with annual reviews
• Tenant pays 95% of the following outgoings Council Rates, Land Tax, Water Rates, Insurance = $21,496
• Off street parking for 4 cars plus large two car garage with storage
• Building Area: 288 sqm plus 57 sqm approx high clearance garage
• Land Area: 354 sqm approx.
• Sydney Lakeside Caravan Park across the road
• Ample public parking with large council car park located adjacent to the property.

Contact now to arrange a private inspection