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Overview
Generous retail space in prominent area of Waterloo
This commercial retail space offers a substantial opportunity in the prominent area of Waterloo. The property comprises a spacious 102 square meters of floor area, complemented by a secure underground car parking space, providing convenience for tenants and customers alike.
In addition to the main retail area, there is an approximately 10 square meter storage area, allowing for efficient inventory management and operational needs. The property also features exclusive outdoor seating with capacity for around 20 seats, enhancing the appeal for hospitality or retail businesses seeking to provide an inviting environment for patrons.
The current lease arrangement includes a tenant who has invested over $200,000 in renovations, reflecting the quality and modernity of the premises. The lease commenced in November 2019 with a term of five years plus an option for an additional five years, ensuring long-term tenancy stability. The rental income is currently $75,000 per annum plus GST, with a fixed annual increase of 5%, providing a reliable income stream for investors.
This retail space is ideally suited for businesses looking to establish or expand in a vibrant and accessible location within Waterloo. The combination of ample floor space, secure parking, storage facilities, and outdoor seating creates a versatile environment adaptable to various commercial uses.
Overall, this property represents a valuable investment opportunity with strong tenant commitment and excellent features designed to support successful retail operations in a sought-after area.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Waterloo NSW 2017
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 102 m² |
Market Insights for Waterloo NSW 2017
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