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323-325 West Street Umina Beach, NSW 2257

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323-325 West Street,
Umina Beach, NSW 2257

Shop & Retail • Offices

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Established income plus huge development upside

  • Established income + development upside
  • * DA approved for cafe + commercial
  • * Blue chip retail location
* Large, underdeveloped 487 sqm (approx) lot
* Blue chip location in the centre of thriving retail precinct
* Zoned B2 Local Centre under Gosford LEP 2014
* Ground floor Chicken Shop leased to established tenant - $57,144 p.a + outgoings
* 1st floor office space/storage - previously leased $13,239 p.a * DA approval in place (approved March 2020) for ground floor cafe plus two levels of commercial space

Mouth watering potential to secure a blue chip real estate asset with established income, plus amazing development upside.

Currently situated on the large 487sqm lot is a two level building occupying an 84sqm (approx) footprint. The balance of the land is underutilised, with a fresh DA approval in place to develop further.

Downstairs is a well established Charcoal Chicken shop, currently in lease and includes shop front, preparation room, cool room and bathroom facilities.

Upstairs is accessible via an external staircase and provides open plan office/storage, kitchenette, bathroom and separate power.

Umina Beach has become a hot spot for Sydney buyers seeking an affordable and relaxed lifestyle in close proximity to Sydney. The advent of COVID-19 and trend towards work from home has seen an enormous influx into the area from Sydney-siders. This trend is likely to continue and the demand for quality, limited commercial space will continue to expand, presenting an outstanding investment opportunity.

Council Rates: $4271.33pa, Water Rates: $1626.08pa

WE WANT TO KEEP YOU AND OTHERS SAFE.
PLEASE DO NOT ATTEND THIS PROPERTY IF YOU HAVE ANY OF THE FOLLOWING SYMPTOMS;
* FEVER * COUGH * SHORTNESS OF BREATH * BEEN TO AN AFFECTED LOCATION IN THE PAST 14 DAYS * HAD CONTACT WITH SOMEONE WITH CORONAVIRUS

4m2 RULE WILL APPLY AT ALL INSPECTIONS, PLEASE MAINTAIN SAFE SOCIAL DISTANCING WHEN INSIDE, ALLOW 1.5M DISTANCE WHEN POSSIBLE

DISCLAIMER: We have obtained all information herein from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

LOOKING TO BUY BUT NEED TO SELL FIRST? There are many options available to make this transition possible. The team at Ray White Umina Beach are here to assist and make this transition as simple and stress free as possible. Contact us to find out more.

Property ID: 503671522Last Updated: 17 Nov 2020

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323-325 West Street
Umina Beach, NSW 2257

Agency contacts

Ray White - Umina Beach
Ray White - Umina Beach
3-4/354-356 West Street
UMINA BEACH, NSW 2257
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John Ienna

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John Ienna
Ray White - Umina Beach
323-325 West Street Umina Beach, NSW 2257

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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