73
The
Parade
north haven
NSW,
2443
SOLD
Sold for $790,000
Land: 499.50 sqm
Property: 255 sqm
North Haven Freehold Investment with Existing Tenancy
Positioned at the beach end of tightly held North Haven, 73 The Parade offers a commercial freehold investment with immediate income and future upside. Leased to Laurieton Seafoods and returning $47,500 pa + GST net, the property reflects an approximate 5.95% net return at the asking price of $799,000. Set directly opposite parkland and a popular family playground, the property also benefits from a prominent coastal position with strong local appeal. With a flexible building history and underlying residential zoning, there is longer-term potential for repositioning or redevelopment, subject to approvals. Information Memorandum available on request.
Key features:
* Commercial freehold investment
* Existing tenancy in place
* Net rent of $47,500 pa + GST
* Approx. 5.95% net return at asking price
* 499.50 sqm land area
* Approx. 255sqm building area
* Lease in place to Laurieton Seafoods
* Beach-end North Haven location opposite parkland and playground
* Future upside potential, subject to approvals
Information Memorandum available on request
Note: Business is not for sale
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee it's accuracy. Prospective purchasers are advised to carry out their own investigations.
Agents
About north haven
median House price
895000suburb growth
21.4%median House rent
650suburb rental yield
3.8%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
