Lot 30/1 Mona Vale Road

Mona Vale

The North Agency Commercial are pleased to be appointed as the Exclusive Marketing Agents for the sale of Lot 30, The Gateway, 1 Mona Vale Road, Mona Vale NSW. A multi-tenanted commercial investment owned in strata title and rarely made available to the open market. This exceptional retail / commercial investment is currently leased to proven quality tenants and comprises of Level 1 & Level 2 of the multi-story Gateway Building, the Northern Beaches signature commercial building. Located on the high-profile corner of Mona Vale Road and Pittwater Road, this is the "Gateway" commercial building to the Northern Beaches.

Main Features of Interest:

• Positioned on the high-profile corner of Mona Vale Road and Pittwater Roads.
• "Gateway" is a mixed-use professional retail / commercial building built over four levels
• A multi-tenanted investment portfolio being offered for sale via Expressions of Interest
• Tenancy area for sale includes Level 1 and Level 2 of the Gateway Building plus car parking over 2 basement levels
• 11 secure tenancies including proven established quality tenants
• A diversified mix of retail, commercial and professional uses
• Key tenants include Gateway Medical Centre and major electrical retailer Bing Lee
• Exclusive medical use rights in favour of Gateway Medical Centre
• Current annual net rent of $1,195,000.00 + GST (approx.)
• Current annual outgoings of $293,330.00 (approx.)
• Lease terms vary between monthly & ten years with options available on all leases
• Annual rental reviews to CPI Sydney (All groups)
• Total lettable tenancy area of 3,279 sqm *
• Total strata area of 4,764 sqm *
• Total enclosed and open basement storage areas of 170 sqm *
• Total of 84 secure and open basement car spaces
• Dedicated loading dock and waste recycling storage room.
• Located next to Northern Beaches multi story parking station
• The areas provided are from the registered strata plan.

Note: * approximate area

Contact The North Agency Commercial team for details.