10/53 Banksia Road Caringbah, 2229 NSW
Retail Shop - Invest or Occupy, High Exposure - Invest or Occupy
This fantastic commercial property in Caringbah offers an excellent opportunity for an entry-level investment with high exposure on a main road. The strata shop features approximately 18m² of space and benefits from prominent visibility from both Banksia Road and Kingsway, with constant passing traffic. Situated just a short walk from Caringbah Station, the location is prime for commercial success.
Currently leased to a Beautician on a 2-year tenancy, this property presents a steady income stream. The lease commenced on 11/12/2023 and expires on 10/12/25, with fixed annual increases of 3%. The monthly rent is approximately $1,581, which includes GST and outgoings.
Additionally, the option exists to purchase this property individually or in conjunction with shop/office 8/53 Banksia Road, Caringbah. Both properties are on separate titles and are available for sale, providing a unique investment opportunity.
For further details or to schedule a site inspection, please get in touch with the exclusive agent, Michael Ajaka at Century 21 Cronulla. This is a not-to-be-missed chance to secure a prime commercial property in a sought-after location.
For Sale $410,000 to $450,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Michael Ajaka