Address available on request,
Allambie Heights, NSW 2100

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One for the Super Fund!!! Strong Commercial Investment on the Northern Beaches

Fantastic investment opportunity for under $500,000. Nett Yield of 7.5%. Tenanted by a chiropractor with a strong 5 + 5 year lease in place. Lease commenced March 2011. CPI rent reviews. 3 month bond and guarantees. Tenant pays all outgoings.

FEATURES:
* 2 Car spaces
* For Sale: $495,000
* Current rental income $37,345 + GST Net p/a.

LOCATION: Facing Sydney's Northern Beaches busy Kentwell Road in Allambie and is subject to the patronage from the heavy passing traffic & the pedestrians from the residential units it sits below and the blocks of units which surround it. The adjacent shops will also provide spill over trade!

***All quoted areas are approximations***

Allambie Heights, 2100 demographic data

The median household income for Allambie Heights is $2,890, 39% higher than Greater Sydney's household income of $2,077. Allambie Heights has an older age profile compared to the rest of Greater Sydney (median age 43 vs 37). Property ownership data shows 53% of property owners in Allambie Heights have a mortgage.

7,317

Population

$2,890 per week

Median household income

43 years

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