3 & 4/112 Terrigal Esplanade

soldSold for $2,600,000
Sold on May 17th 2019

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.

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.

  • Property Type
  • Sold
    Sold for $2,600,000
  • Brent Pilkington

    • 0410 872 541