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73 The Parade
North Haven, NSW 2443
$799,000
Overview
73 The Parade
Positioned at the beach end of the tightly held North Haven area, 73 The Parade presents a commercial freehold investment opportunity offering immediate income and promising future potential. The property is currently leased to a seafood business, generating a net annual income of $47,500 plus GST. This income reflects an approximate net return of 5.95% based on the asking price of $799,000.
The location is highly desirable, situated directly opposite parkland and a popular family playground, enhancing its appeal within the local community. The property benefits from a prominent coastal position, which adds to its attractiveness for both commercial and potential residential uses.
The building has a flexible history and is underpinned by residential zoning, providing longer-term potential for repositioning or redevelopment, subject to the necessary approvals. This flexibility makes it a valuable asset for investors looking for both current income and future growth opportunities.
Key features of the property include:
- Commercial freehold investment
- Existing tenancy in place ensuring immediate income
- Net rent of $47,500 per annum plus GST
- Approximate 5.95% net return at the asking price
- Land area of approximately 499.50 square meters
- Building area of approximately 255 square meters
- Lease currently held by a seafood business
- Prime beach-end location in North Haven, opposite parkland and playground
- Potential for future upside through repositioning or redevelopment, subject to approvals
An Information Memorandum is available upon request for interested parties seeking further details. It is important to note that the business operating on the premises is not for sale, only the property itself.
All information has been obtained from sources considered reliable; however, accuracy cannot be guaranteed. Prospective purchasers are advised to conduct their own investigations to verify all details and suitability for their investment needs.
Location
North Haven NSW 2443
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 255 sqm |
Market Insights for North Haven NSW 2443
Other properties in this postcode
Price Guide $940,000 - $980,000
53 Norman Street, Laurieton NSW 2443
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
