Tender: Closes on Thursday 25 June 2020 at 4:00PM (unless sold prior)
748-750 Beach Road is a fantastic property with so much to offer in its current format, as well as its future prospects under the zoning of Business - Mixed Use. Located on busy Beach Road, the main arterial road through Browns Bay, positioned road front and capitalizing on all the exposure.
The premises currently hold six tenancies, with a net return of $298,650.00. The tenancies comprise a mixture of uses - retail, office and warehousing - with various lease terms and conditions. These tenancies occupy the building area of approximately 1,730m². The building is supplemented by a very large car park.
The Freehold parcel of land totals 2,076m², favourably zoned Business - Mixed Use with future redevelopment prospects to accommodate both commercial and residential occupation. Evidence of this opportunity is currently being capitalized with other sites in the vicinity.
Browns Bay is a popular location and one of the larger town centres on the North Shore, servicing the surrounding developing East Coast Bays.
748-750 Beach Road is packed with opportunity - for further information and to arrange a viewing contact the sole agents, Bruce Jiao or Gary Seekup.