47 Stella Street Collaroy NSW 2097

FOR SALE: Via Expression of Interest, Closing 13th December 2024

Exclusively presented by Belle Property Commercial, this rare opportunity offers a prime, large-scale block located on the corner of Stella and Grevillea Streets in Collaroy Plateau. The property features well-maintained buildings and is currently secured with a long-term lease, providing a stable income stream from an established Childcare / Preschool tenancy with strong potential for expansion and growth.

The site boasts excellent visibility and is strategically located near key local amenities, including Collaroy Plateau Public Park, a playground, tennis courts, a public car park, and a community centre. This prime location makes it highly attractive for users such as childcare, preschool, or educational and recreational facilities*. Situated in one of the Northern Beaches' most sought-after, family-friendly suburbs, this property offers a unique opportunity for both investors and operators.

KEY FEATURES:
- Total land area: 1,702 sqm**
- Total floor area: 1,056 sqm**
- Well-appointed floorplan
- Main building with mezzanine level
- Vast outdoor area
- Tenanted investment with the possibility for expansion
- Air-conditioning
- Over 5m ceiling height in the Main Hall
- Alarm system
- Internal amenities
- 8 onsite customer car spaces
- Close to public transport, council car park, Collaroy Plateau Park, & Community Centre
- Zoning: R2 Low Density Residential

CURRENT LEASE:
- Current Net Return: $236,475.36 + GST
- Potential Net Return: $300,000 - $350,000 + GST pa

* Subject to Council Approval
** All measurements are approximate