3/148-150 Lakedge Avenue Berkeley Vale NSW 2261

Excellent investment opportunity, ideal for entry level and SMSF investors. This property has been operating as a launderette for in excess of 30 years so it has continued to trade through all market cycles.
Stable investment opportunity with an income from Day 1. Part of a local commercial shopping strip, the property is surrounded by local businesses including dentist, cafe, accountant, mortgage broker, real estate.

New 3 year x 3 year lease to the existing occupant who has operated the business for just on 13 years.

Address Lot 3/148 Lakedge Avenue, Berkeley Vale
Lease Term 3 Year lease + 3 Year Option
Commencing Rent $30,000 + outgoings + GST
Outgoings Council Rates & Charges, Water Rates (Account), Land Tax (On a single holding basis), Strata, Property Management (Limited to 5.5%), Fire Safety if not covered by Strata
Lease Commence 1st August 2024
Annual Increases CPI on the anniversary of the lease commencement
Market Review At the commencement of the Option Period
Bond/Bank Guarantee $7,500
Personal Guarantee Required for the term of the lease
Size Of Property Building Area 66m2
Rear Parking 13m2
Zoning E1 Local Centre

FOR SALE - $520,000 No GST Applicable

Inspections By Appointment
Brad Rogers
RWC Central Coast
0459 921 122