595-601 Beach Road, Rothesay Bay offers split risk investment with potential development opportunity. Being positioned in centre of Rothesay Bay town centre, the site commands central and prominent location in a tightly held area.
The offering comprises 2 titles, 595-599 Beach Road (Cross Lease) & 601 Beach Road (Freehold).
595-599 Beach Road is an undivided ¾ share of a 678m² cross lease title. It consists of three retail tenancies constructed in 1950’s which have a total net return of $66,000 + GST per annum. Tenancies include a Liquor Store, a Beauty Salon and an Interior Design consultant/retailer with solid initial terms and favourable rental growth. With minimal contour, the property offers significant land holding in the tightly held Rothesay Bay town centre.
601 Beach Road is a 224m² freehold title which is currently a vacant yard, offering exciting potential for future development or a chance to further the properties overall income stream with a lease.
The site is very well located. Being a block of suburban shops situated along Beach Road, an arterial route running along the east coast of the north shore, it benefits from large levels of traffic flow and the high-density population of the residential surroundings.
If you’ve been looking for a development project with holding income, this is the one you’ll be telling your friends about in 5 years’ time.
Because of the location and nature of the property we’re expecting good interest so please get in touch and discover what 595-601 Beach Road has to offer you.
Being offered for sale by way of Deadline Private Treaty, closing on Thursday 1st November 2018 (unless sold prior).