20 Spit Road,
Mosman, NSW 2088

Located on the major transport corridor connecting the City with the Northern Beaches, and with over 20,000 vehicles passing each day, this property provides a perfect investment opportunity.

This fully leased property has two street frontages containing a large retail shop on the ground floor and three commercial office suites on the first floor (which could be easily converted to a residential apartment).

* The ground floor retail has two street entrances
* Backs on to Horden Lane and Bridgepoint Shopping Centre with a major council carpark
* Located between major retailers including the Mosman Newsagency and Priceline
* Site Area: 208.7m²
* Building area: 359m² (approx)
* Potential to increase the height of the building to 12m (STCA)
* Zoned 3 (a1) Spit Junction Town Centre
* Gross rental: $112,000 pa
* Statutory Outgoings: $5,800 pa
* Estimated Net Income: $106,200 pa

To be auctioned on Thursday 1 July 2010 at 10:30am
The Sydney Morning Herald Auction Centre
Level 3, 115 Pitt Street, Sydney.

For more information please contact Frank Bird on 0417 427 310.