Newport retail for sale

Trophy Retail Freehold Investment // 15 Year Lease with 5 Year Option

Delmege, as Exclusive Agent, is pleased to bring to market 386 Barrenjoey Road, Newport.

Capitalise on the following key attributes:

  • 15 year lease with 5 year option
  • Occupied by Chambers Cellars, the largest independent Liquor store group in Australia with 40 stores*
  • Irreplaceable “Gateway” freestanding property in unrivalled beachside location
  • 36m frontage to Barrenjoey Road accessible to North and South bound traffic
  • Barrenjoey Road: State Road and main arterial route linking Mona Vale to Palm Beach (45,000+ vehicle movements daily*)
  • Landlord friendly net lease with outgoings payable by tenant (as per lease)
  • Guaranteed strong rental growth with fixed annual rent increases
  • Newport: highly desirable beachside suburb on Sydney’s Northern Beaches
  • Net income: $161,452 pa* plus GST

*approx.

Please contact Robbie Delmege on 0402 99 22 77.

Financials are approximate. Interested parties are advised to conduct their own independent due diligence.