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Sold

Cronulla Shop 2, 1 McDonald Street

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Secure Investment

Offering a rare opportunity along the North Cronulla beachfront, retail and restaurant precinct, this prominent premises offers a secure investment with a quality long-term tenant.

High Points

  • ‐ 136m2 of net lettable area
  • ‐ 71m2 of secure lock up garages and open storage space
  • ‐ 62m2 of exclusive use of common space
  • ‐ Commanding ocean views from elevated outdoor arena
  • ‐ Zinc Bar, one of Cronulla's popular bar and cafe
  • ‐ Secure lease to 2020
  • ‐ Option to renew for 5 years with further term of 5 years
  • ‐ Market rent review upon each lease term
  • ‐ Annual net income $204,000
  • ‐ Annual outgoings $16,399 payable by tenant
  • ‐ Quality, long term tenants
  • ‐ In the heart of Cronulla's central dining precinct
  • ‐ Terrific location with high pedestrian traffic

Auction Wednesday 14 March, 6.00pm
If not sold prior

For all your home loan needs please give Tim at Highland Financial Services a call on 02 9523 2699 or visit www.highlandfinancialservices.com.au

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Property Details

Retail

Building size: 207.0sqm

Highland 170822 0002

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