40 Gymea Bay Road Gymea NSW 2227

RWC Greater Sydney South is proud to present an exceptional opportunity to purchase this solid freehold property in the tightly held Gymea high street. This asset will be available to purchase via Auction on Tuesday, 10th December 2024.

Surrounded by Gymea's best restaurants & cafes this property comprises a great ground floor food retail restaurant occupying 98m²* with adequate seating for 34 patrons* with parking and storage provided in addition to the shop. The first floor provides real value with the property offering an additional three bedroom residential apartment on top of the shop to ensure you maximise your investment. Currently occupied on an expired lease by the popular Gymea Chinese Restaurant, the current rent is below market with a passing rent of $82,740 + GST p.a with the tenant offering to remain on a new three year lease at an increased rental^.

The property is located in the highly desirable 'foodie' area of Gymea's high street with a total land size of 228m²* with building improvements totalling 196m²*. Very few properties are offered for sale in Gymea and this is one not to be missed.

Key features to highlight include:
• Prominent street frontage in Gymea's bustling shopping precinct
• Extremely attractive position surrounded by Gymea's best food offerings
• Ability to lease retail & residential areas separately
• Rear access with two car spaces and large storage at the rear

The property is offered for sale via Auction on Tuesday 10th December 2024 at 6:00pm (AEST). The Auction will be held at Cronulla RSL, 38 Gerrale Street, Cronulla NSW 2230.

*approximately
^ Subject to purchaser approval