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Address available on request Dee Why, NSW 2099

Address available on request,
Dee Why, NSW 2099

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Entry Level Retail Investment

  • Retail Investment
  • Circa 7.76% Net return
  • Net income $29,488 pa
Net Return Circa 7.76%. Total Net annual passing income $29,488 approx.

Two fully self-contained side by side suites to be sold in one line as an investment. Lease details are as follows:

Suite 17 is 58 sqm leased for a term of 2 years + 2 years commenced June 2012. Current annual rent is $16,680 + GST Gross. Estimated annual outgoings are $2,260.

Suite 16 is 28 sqm leased for a term of 3 years + 3 years commenced May 2011. Current annual rent is $16,640 + GST Gross. Estimated annual outgoings are $1,572.

Features:

* Self-contained suites
* Each with kitchenette
* Each with WC
* Development has 5 visitor parking spaces
* Good opportunity to get into the commercial property market and enjoy the high yield.

LOCATION:

Situated within a strata development, below residential apartments, next door to KFC in Dee Why's CBD. In close proximity to one of the Northern Beaches busiest bus stops, restaurants, cafes, Dee Why Grand, Australia Post & less than 2 km from Dee Why Beach.

** All areas/measurements are approximations **

Dee Why, 2099 demographic data

The median household income for Dee Why is $2,106, 1% higher than Greater Sydney's household income of $2,077. Dee Why has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 57% of property owners in Dee Why have a mortgage.

23,354
Population
$2,106 per week
Median household income
36 years
Median age
Owners
Most residents
Families
Most households
04034440...
realcommercial.com.au logo
Address available on request
Dee Why, NSW 2099
Upstate - Northern Beaches
Suite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099

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