8/63 Veterans Parade,

Collaroy Plateau

The North Agency Commercial have been appointed as exclusive sale agents for this exceptional commercial / retail investment opportunity located in the retail hub of Veterans Parade Collaroy Plateau. The property, owned in strata title, is being sold with a long-term lease to a well-established chemist's business strategically positioned to service not only the Plateau and surrounding suburbs, but the Narrabeen War Veterans Retirement Village which is located directly opposite. The property would be a worthy addition to any property investment portfolio. A traditionally tightly held real estate area, the opportunities to purchase an investment of the quality are rare.

Investors take note of this opportunity.

Key Features include:

• Ground level commercial / retail facility situated in thriving retail location
• A boutique contemporary mixed-use building of 8 retail shops & 5 residential units
• Exceptional street presence and exposure with easy client access from the common car park directly outside.
• Internally the shop has a modern, practical design in an open plan layout
• Mezzanine level office used for pharmaceutical supply and storage
• Lease term of 15 years with expiry date in December 2033
• Two options of 5 years to extend the lease.
• Current annual rent of $98,800 + GST Net
• Tenant pays all statutory outgoings
• Annual rent reviews to fixed percentage
• Separate Kitchen and staff area and large storage room
• Strata Area – 100 sqm (approx.) + 45 sqm mezzanine (approx.)
• Zoned E1 Local Centre under Northern Beaches Council LEP
• Public parking adjoining the building
• The property would make a great addition to any property portfolio.