3 & 4/112 Terrigal Esplanade

Once in a lifetime opportunity to secure one of Terrigal’s most sought-after commercial freeholds before potential changes in negative gearing and capital gain’s tax.

Location:
Absolute prime position directly opposite Terrigal Beach offering the ultimate exposure at the entry point into Terrigal’s busy commercial strip.

Property Description:
Ground floor 7-day a week location
Lots 13 & 14 to be sold in one line.
Lot 13 75m2 + 7m2 Balcony
Lot 14 68m2
Café has space for over 100 patrons
Bustling food location of Terrigal
Going concern

Tenant description:
Long established tenant (BellyFish Cafe) with proven track record of success.
Easily managed
Commencement 1st September 2018
Lease period: 5 years to 2023
Option period 5 years to 2028

Total Rent per Annum:
Net: $130, 627 + GST
Gross: $152,945.69 + GST

Development Potential:
Huge potential for redevelopment representing 25.4% of strata allocation in Terrigal’s premier development site.