$1,600,000

UNDER OFFER.

Ray White Coast Edge are proud to present the opportunity for you to acquire 25 Forresters Beach Road - a quality set and forget investment in an excellent beachside location.

This is an iconic property as part of revitalisation of the Forresters Beach commercial strip. A busy coastal hub servicing a rapidly growing local community.

This is a unique offering features a hospitality powerhouse anchor tenant.

An award-winning boutique wedding and function operation with over 40 years successful track history. In 2015/2016 the property went through an extensive renovation and rebranding ensuring future success.

Upstairs is setup and leased by the creative Headland Brands and features a film and photographic studio plus a separate soundproof recording studio and amenities.

Highlights features include:

- Multi-award winning anchor tenant - Brides Choice Awards Winner - 2021, 2020, 2019.
- Excellent creative secondary tenancy servicing multinational brands.
- High growth corridor - zoned B1 Neighborhood Centre.
- Flexible long standing liquor license established 1981 and updated 2015.
- Freehold property on 600sqm* of land with significant NLA of 397sqm*.
- Long term future development potential with FSR 0:75 and 8.5m height limit.

Anchor tenancy = 5 x 5 x 5 year lease options to 2034.

Secondary tenancy = 2 year lease to 2024.

Solid annual rent increases 4% or CPI whichever is greater.

Total Income 2022 = $84,168.00 per annum inclusive of GST.*

Total Outgoings 2022= $10,000.00 per annum inclusive of GST.*

Perfect in its well-connected location between Terrigal and The Entrance and just one hour from both Sydney and Newcastle.

Approximate *.

Do not miss your moment to secure something really special, right here, right now.

For Sale By Public Tender.

DISCLAIMER: This advertisement contains information provided to us by third parties. Whilst we have taken all care to provide you with the correct and up to date information, Ray White Coast Edge does not make any representation as to the accuracy of the information contained in this advertisement and does not accept any responsibility or liability and recommends that all interested parties make their own investigations, enquiries and seek the advice of an independent legal representative. At all times, the vendor will rely on the contract for the sale and purchase of land 2019 edition.