Explore this exceptional investment opportunity within the bustling shopping complex located at Shop 7, 258 Wallarah Road, Kanwal, NSW 2259.
Property Details:
- Prime Freehold Commercial Land within a thriving shopping precinct.
- Current Lease: $3,202.49 per month + outgoings, secured by a longstanding tenant (hair salon) with a 10-year occupancy history.
- Lease Expiry: 22/09/2025, with discussions underway for a further 3 x 3 year extension.
Kanwal Shopping Complex Highlights:
- Conveniently situated in Kanwal, a sought-after suburb in the Central Coast region.
- Surrounded by a mix of retail, dining, and service outlets, ensuring steady foot traffic and exposure.
- Ample parking facilities for customers' convenience.
Investment Benefits:
• Rarely does a shop become available in Kanwal Shopping Village - so here's your chance to jump in while you can! Comprising of 84sqm of space, rear lane access and great traffic exposure. With the successful IGA supermarket, this would be a great opportunity to park a complimentary business here and reap the rewards!
• Stable Rental Income: Enjoy consistent monthly rental income from a reputable tenant, providing financial stability and potential for future growth.
• Long-Term Lease Security: With the lease expiring September 2025 and potential for renewal, benefit from secured tenancy and the opportunity to negotiate favorable terms for extended occupancy. (Shop has been a hair salon for over 20 years)
• Capital Appreciation: Positioned within a growing area of Kanwal, the property offers potential for capital appreciation over time, increasing the value of your investment.
• Low Maintenance Investment: Benefit from minimal management and upkeep responsibilities, with the tenant typically responsible for maintenance and repairs.
• Diverse Tenant Mix: Being part of a diverse shopping complex, the property enjoys exposure to a wide customer base, enhancing its appeal and potential for future leasing.
• Desirable Location: Kanwal is a well-connected suburb with easy access to major transport routes and amenities, making it an attractive destination for businesses and customers alike.
• Competitive Price Point: Priced attractively at around $665,000, this investment presents a compelling opportunity for investors seeking stable returns and potential growth.
Don't miss this chance to invest in a well-established commercial property within a vibrant community.
Contact Ample Estate Agents today for detailed financials, lease information, and to arrange a site visit.
