CBRE is pleased to present 24 Spit Road, Mosman. A fully leased, multi-tenanted, mixed-use freehold with development upside in the heart of Mosman, one of Sydney's most prestigious suburbs. Two activated frontages with Millennial Dental facing Spit Road and Dry Cleaner facing Hordern Lane. Above the shops is a large 2 bedroom apartment which has been fully renovated recently. The property is strategically situated opposite one of the entrances to Bridgepoint Shopping Centre providing direct access to shops and free parking. Located on a busy retail strip with the B-Line Bus Stop directly out front ensuring constant foot and vehicular traffic. The Dentist and Dry Cleaners have very capital-intensive fit-outs with uses that are not easily relocated, ensuring their longevity in the property. The improvements significantly underutilise the site, lending it to be added to or redeveloped (STCA) with a bonus FSR for sites over 1,000sqm providing opportunity through amalgamation.

24 Spit Road, Mosman benefits from the following key attributes:

•Net Passing Income: $135,860.70 Per annum*
•Total floor area of 235.41sqm*
•Situated at Mosman’s busiest intersection, with tremendous exposure
•Fully leased, multi-tenanted, mixed-use freehold investment with multiple income streams
•Over 25 years as a dental surgery
•Opposite a main entrance to Bridgepoint Shopping Centre, providing access to free car parking & shops.
•B2 Local Centre Zoning with 15m height limit proving development potential (STCA)
•High exposure location with 50,000^ (approx.) cars passing daily
•Rear lane access via Hordern Lane
•Adjacent to the B-Line bus services – connecting Mosman to the Sydney CBD and Northern Beaches.

24, Spit Road, Mosman will be sold via Auction on Tuesday, 15th of March 2022.

For more information or to arrange an inspection, please contact the exclusive selling agents.

*Approx.
^Source: Transport for NSW