16 Deane Street, Narara, NSW 2250

Floor Area:

462sqm

Land Area:

1779sqm

Sold

Sold Prior To Auction for $1,750,000 on Mar 10, 2023

Freehold Investment with 2 long term tenants

16 Deane Street is a freehold commercial property comprising of multiple income streams and a solid base for investors to consider when seeking to purchase a commercial property on the Central Coast

• Income from Day 1

• $115,000 Annual Gross Income + GST

• 2 Tenants in place producing strong income

• Shop 1 - Australian Liquor Marketers have a lease to April 2026 with a further 3 year option

• CPI Increase in April looks almost certain to increase the current rental substantially, with CPI currently measuring at circa 8%

• Shop 2 - Ezy Group Convenience Pty Ltd have a lease until August 2027 with a further 5 year option

• Freehold Property

• 1,779m2 Land size

• Excellent parking onsite

• R2 Low Density Residential Zoning

• Annual Rental Increases

• Long Term leases

• Walk to Railway Station and convenient for customers

• Surrounded by Residential homes and customers

• The only bottle shop and convenience store in the immediate area, established for almost 2 decades

Inspections are strictly by appointment

Michael Hanson 0420 307 216

Brad Rogers 0459 921 122

Brad Rogers

Director Sales and Leasing & Licensee in Charge

Michael Hanson

Commercial Sales & Leasing

Got a property to sell? Contact us for a free Request Appraisal

Property Info:

Property ID: L21621293
Property Type:Retail
Building / Floor Area:462 sqm
Land Area:1779 sqm
Car Spaces:16

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