CBRE, as the exclusive listing agent is pleased to present Shop 1, 54 Garden Street, North Narrabeen. An affordable investment opportunity on Sydney's affluent Northern Beaches moments from Narrabeen Beach. Leased to Fuel Espresso, a highly rated established cafe operator on a long-term lease to November 2024.

Shop 1, 54 Garden Street, North Narrabeen benefits from the following key attributes:

•5-year lease to November 2024
•5 Year option to 2029
•Net Annual Income of $44,856.04*
•Sought after fixed 3% annual rental increases
•Bank Guarantee equivalent to 3 months’ base rent
•Established tenant, Fuel Espresso, rated 4.9 stars on Google Reviews
•GLAR of 159sqm*
•Opportune location within North Narrabeen’s bustling business and industrial precinct neighbouring restaurants, car dealerships and workshops.
•Capital intensive tenant fit-out
•High exposure corner location with dual street frontages
•Common parking area
•Exhaust and access to grease trap
•Guarantor on lease
•Outdoor seating area on title for alfresco dining

Shop 1, 54 Garden Street, North Narrabeen will be sold via a Public Auction, Tuesday 6 July 2021 at AuctionWORKS Mezzanine Level, 50 Margaret Street, Sydney NSW 2000 (Livestream and Online Bidding available)

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.