Shop 1/11 Mitchell Street Norah Head, NSW

OPPORTUNITY IS KNOCKING! Add this prime investment to your portfolio, in one of the most sought after beach locations on the Coast. This tenanted investment consists of a strong, well established tenant, with a large following from both locals and attendees from out of area.

This will be a set and forget style investment, with a long term tenancy in place over the next eight years, plus two 5 year options on top. The property covers approximately 264sqm of area consisting of a large pool area, storage/office space, toilet and shower amenities and an additional 6m dive pool. This investment is not one to be missed!!

Tenancy information:

Current Net income - $37,368 net plus GST (rental increase to $39,647.40 due September 2022)
Tenant pays 100% of all outgoings, including Council, Water and building insurance
Lease term Ten (10) years x Five (5) x Five (5) - Commencement Sept 2020
Long term established tenancy (Norah Head Water Fitness Centre and Swim School)
An Accredited Austswim and ASCTA Swim School


Key property features include:

Prime location - One of the Coast’s best sea side suburbs
Approximately 264sqm across 3 separate areas
Located within a busy local hub
Indoor pool approximately 12.5m x 4.5m with additional 6m deep dive pool
Toilet and shower amenities
Zoned B1 Neighbourhood Centre
Ample Parking at the front of the premises, with a designated parking at the rear






Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to LJ Hooker Commercial Central Coast by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.