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22/1097-1101 Barrenjoey Road
Palm Beach NSW 2108
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22/1097-1101 Barrenjoey Road Palm Beach NSW 2108

  • Offices
  • 135 m²
  • For Sale, Prime Commercial in Palm Beach | For Sale $1M

Investor or Owner Occupier opportunity to secure a Prime Commercial Investment Property in Palm Beach

    A rare opportunity to purchase this prime main road facing strata commercial investment within the 'Iluka Apartments' complex located at the vibrant Palm Beach village location in a high foot traffic zone. The Palm Beach village features only a handful of commercial opportunities with 22/1097 perfectly positioned in the middle of the existing retail shops. The shop is situated in the modern retail and residential complex of the "Iluka Apartments" with the premises (on one title) divided into two shopfronts & strata approved.

    Palm Beach is known worldwide for tourists, high net worth holiday home owners and a constant flow of permanent locals through the village every day.

    One shopfront is currently owner occupied, and the owner is willing to sign a lease to provide future security for the new owner. The second shop has a lease in place until June 2025, providing flexibility in allowing for owner operators or investor purchasers.

    Features:
    Shop 22 is 134 sqm on title
    Split into 2 shopfronts (22A & 22B)
    22A is owner occupied, who is wiling to sign a 2x3x3 year lease at approx. $500 + GST per week
    22A is occupied by Palm Beach Salon, an established hairdresser used by the majority of locals
    22B is leased until June 2025 at $740 + GST per week
    22B is now vacant however is fitted out as an office, previously real estate and holiday lettings, 60sqm in size (30 sq meters + 30 sq meters courtyard)
    Gross Rental $64,480 + GST p.a.
    Front terrace on title
    2 x secure underground car parks
    Access to the buildings resort style swimming pool and visitor parking
    Strong Pedestrian Traffic with bustling weekend trade

    Outgoings:
    Strata Fees $1,207.51 per quarter
    Council Rates $322.50 per quarter
    Sydney Water $180.00 per quarter

    LJ Hooker Palm Beach NSW
    LJ Hooker Palm Beach NSW
    1073 Barrenjoey Road
    Palm Beach, NSW 2108

    Property Highlights

    Floor Area135 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2019503603
    Category
    Last updated  30 Sep 2024
    Map for 22/1097-1101 Barrenjoey Road Palm Beach NSW 2108

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    LJ Hooker Palm Beach NSW
    LJ Hooker Palm Beach NSW
    1073 Barrenjoey Road
    Palm Beach, NSW 2108

    Property Highlights

    Floor Area135 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2019503603
    Category
    Last updated  30 Sep 2024

    Co-Agents

    Peter Robinson
    LJ Hooker Palm Beach NSW
    Call
    0401 219 077
    Dennis Kennelly
    LJ Hooker Palm Beach NSW
    Call
    0477977971

    More about 22/1097-1101 Barrenjoey Road Palm Beach NSW 2108

    22/1097-1101 Barrenjoey Road Palm Beach NSW 2108 is categorized as Office. It has a floor area of 135 m². The listing ID for this property is 2019503603.

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