Share this property

realcommercial.com.au
Upstate - Northern Beaches

9/17 Bungan Street Mona Vale, NSW 2103

Directions

9/17 Bungan Street,
Mona Vale, NSW 2103

Shops & Retail

Price information

Sold

Contact Agent

Key property information

Floor area

Tenure type

Sold on

Upstate - Northern Beaches
Saxon Stonehouse
Paul Cunningham

Upstate - Northern Beaches

Suite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099
Upstate - Northern Beaches
9/17 Bungan Street
Mona Vale, NSW 2103

Map of 9/17 Bungan Street

Directions

Solid Tenanted Investment / New 5+5 Year Lease / 5.25% Net Return

  • 5.25% Net Return
  • First Time Offered in 45 Years
  • Premium Suburb Location
Upstate Commercial as exclusive agents are delighted to present this unique investment opportunity in the heart of Mona Vale, the renowned chemist shop 'Plunketts Pharmacy' has been trading for 45 years at 9/17 Bungan Street. Established in 1980, this 70 sqm property is a tenanted investment gem that is strategically positioned for optimal exposure on one of Mona Vale's prime streets.

This tenanted investment offers a compelling 5.12% Net return, increasing to 5.25% Net return from 1 July 2024, surpassing traditional bank returns on cash deposits. With a well-established presence since 1980, the chemist shop enjoys a prominent position on Bungan Street, making it an ideal addition to any savvy investor's portfolio.

The tenant has just signed a new 5 + 5 year lease term commencing 1 July 2024 with a rent increase of 2%. The entrenched nature of chemist shops, coupled with the high relocation costs, makes the option period enticing for the existing tenant.

* Area 70 sqm
* Air-conditioning
* Internal kitchenette
* LED lighting
* Shared male and female amenities
* New 5 + 5 year lease, commencing 1 July 2024
* Easy access to major arterial roads
* Walking distance to public transport
* Centrally located within proximity to all major services in Mona Vale

Mona Vale stands as a flourishing suburb, and this chemist shop enjoys a strategic position amidst the thriving community. The locality attracts a diverse demographic, including families and retirees, creating a steady stream of potential customers for the chemist shop. The psychographics align with health-conscious consumers seeking quality pharmaceutical services.

Situated in close proximity to Woolworths, the chemist shop capitalises on the benefits of constant foot traffic, enhancing its visibility and potential customer base.

This exclusive offering represents a prime investment opportunity. With a proven track record, stable tenant, and strategic location, this property is poised to deliver long-term returns for discerning investors. Don't miss out on the chance to secure a piece of Mona Vale's thriving commercial landscape.

Call Paul Cunningham 0413 161 6... or Saxon Stonehouse 0408 033 3... today for your inspection.

***All areas/measurements are approximations. It is up to lessee/purchasers to conduct their own investigations regarding any approvals required by governing authorities***

Explore property virtually

Video

Additional information

Property ID: 504526848Last Updated: 21 May 2024

Upstate - Northern Beaches
Suite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Upstate - Northern Beaches

Other properties you might be interested in based on the location and property type you are looking at.