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Clarke & Humel Property - MANLY

23/176 South Creek Road Cromer, NSW 2099

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23/176 South Creek Road,
Cromer, NSW 2099

Shops & Retail • Offices

Price information

Sold

$705,000

Key property information

Land area

Floor area

Car spaces

Property extent

Tenure type

Sold on

Clarke & Humel Property - MANLY
Hollie Sheehan

Clarke & Humel Property - MANLY

L1/49 North Steyne
MANLY, NSW 2095
04158402...
Clarke & Humel Property - MANLY
23/176 South Creek Road
Cromer, NSW 2099

Map of 23/176 South Creek Road

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Sold by Clarke & Humel

  • Internal 52sqm + 52 sqm covered terrace
  • Five car spaces
  • Existing 5-year lease expiring October
Located in Cromer's premier industrial estate, on the eastern side of South Creek Road between Middleton Road and Penrith Avenue. This property is currently leased to a café that services the entire industrial estate. The property comes with five designated car spaces for staff and customers, making it effortless for both the tenant and their customers to access the store. This investment property offers exceptional value.

* Land on title 255sqm
* Internal 52sqm + 52 sqm covered terrace
* Five car spaces
* Existing 5-year lease expiring October 2027
* 5-year option to October 2032
* Annual rent $46,929 PA + GST
* Net return of $43,197.8 pa + GST
* Annual increase of 4%
* Alfresco outdoor seating area
* Located Industrial complex with over 70 factories

Property ID: 504284500Last Updated: 2 Oct 2023

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