Sugar and Spice, and Everything Nice!

$449,000 No GST 'Sale of Going Concern'

Shop 1/62 Lakedge Avenue

Berkeley Vale NSW 2261




On behalf of our valued client we are proud to offer this outstanding opportunity to secure a commercial / retail investment with a long lease and an established business.

This immaculate 72m2 (approximate) retail shop is positioned in an excellent local shopping strip location close to the Tuggerah Lake Shore Shared Path, and minutes from Mingara Recreation Club, the new Mingara Motel, Westfield Tuggerah, and the M1 Sydney to Newcasle Motorway.

This renovated premises is currently leased to a quality tenant operating a Bakery & Cafe. Highlights of the lease include:

- Five (5) year lease – 11/4/22 to 10/4/27
- Five (5) year option
- Current rent $32,136 gross/pa + GST
- Approximate outgoings of $6,421.40 pa
- 3% annual fixed increases
- 3 Months Rent as Bank Guarantee for Bond.

This strata title property consists of 1 of 3 shops in the strata plan with customer parking at the front and staff parking or delivery access at the rear.

This exciting investment property represents a ‘great set and forget’ source of income and potential capital growth with security.
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All information contained herewith, including but not limited to the general property description, price, and the address, is provided to us by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.