Dual Income – Two Allied Health Tenants
* Income: $38,934 per annum + GST and outgoings
* Two shops – Two Income Streams
* Land Area 143sqm*
* Ample on-site parking
Nichols Crowder is pleased to present for sale 230 & 231 Nepean Highway, Edithvale.
To be sold together, the shops collectively boast over 12m* frontage to the large on-site carpark and to Nepean Highway.
Featuring two leases to allied health professionals, this offering presents great value to diversify your portfolio with security provided by the combined incomes streams. Exposed to over 7,000 passing vehicles per day and situated amongst a tightly held group directly opposite Edithvale train station, and the beautiful Edithvale beach is close behind.
Lease details – Combined income of $38,934 + GST + Outgoings.
230 Nepean Highway (Lot 5):
Tenant: Speech Bubble Speech Pathology
Rental PA: $16,686 + GST + Outgoings
Commencement Date: 01/04/2023
Term: Three (3) years
Option(s): Two (2) further terms of three (3) years
Rent Reviews: 3% annually and market review at options
231 Nepean Highway (Lot 4):
Tenant: Painfit Pilates & Myotherapy
Rental PA: $22,248
Commencement Date: 01/01/2023
Term: Three (3) years
Option(s): One (1) further term of three (3) years
Rent Reviews: 3% annually and at option
For further information or to arrange an inspection, please contact the listing agent.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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