Property listing ID: 85283
• Fee Simple land 751m² (more or less) • Building area 488m² (more or less) • Prime location and position • Favourable underlying Mixed Use zoning • Multi-tenanted and split income stream • Successful water sports tenants and cell tower • Short and long-term add-value potential • Opportunity for investors, land bankers, and occupiers This is an exciting opportunity to own a quintessential Barrys Point Road commercial asset. Situated on the eastern side of Barrys Point Road in a high-profile position, ticking all the boxes for a premium investment property. The 751m² site comprises two versatile buildings and 10 car parks, with a split income stream from three tenants (two water sports retailers and a Spark cell tower), producing a conservative rental income of $107,271 per annum net on varying lease terms. The tenants benefit from the location's 'destination status' for sporting and recreation goods, boasting 21 metres frontage, the property offers both convenient parking and high-profile signage, and has been consistently occupied throughout its history. The tightly held location speaks for itself, underpinned by favourable Mixed Use zoning, a north-westerly aspect, and backing onto a grassy reserve, astute investors will note the long-term potential as well as the immediate add-value upside. A rare opportunity that has come to the market for the first time in 30 years, we look forward to your further interest, please feel free to get in contact with the Sole Agents anytime for a copy of the information pack and to book your private inspection.
Listed by Barfoot & Thompson , Nick Brown (North Shore Commercial) , Max Andrews (North Shore Commercial)