638 Pacific Highway, Lake Munmorah, NSW 2259

638 Pacific Highway, Lake Munmorah, NSW 2259 Exceptional Investment Opportunity in Prime Redevelopment Area High Visibility, Multiple Income Streams, and Future Growth Potential

Purchase Price $1,150,000 (existing lease no GST)

Annualised return: Commercial $49,512.27 $54,463.50 includes GST

GrannyFlat $25,480

Total $74,992.27

Invest in the future with this premium property ideally situated on the bustling Pacific Highway, promising unparalleled visibility and foot traffic. This area is poised for significant redevelopment, making it a lucrative opportunity for forward-thinking investors.

At the forefront of the property, a well-established takeaway shopfront occupies prime road frontage, boasting a long-term tenant (existing use rights). This ensures a stable and reliable income stream. The prime location guarantees excellent exposure to passing traffic, enhancing the business's visibility and potential for growth.

The shop tenant is currently leased until October 2025, with a monthly rent of

$4,538.63. The lease includes a 5% annual increase each October, adding to the investment's appeal. The shopfront features a full kitchen, grease trap, and convenient parking at both the front and rear. Additionally, a studio with a shower and toilet is included in the lease, providing extra value.

Towards the rear of the property, a well-maintained very modern two-bedroom grannyflat and is leased separately, occupied by exemplary tenants. The house's spacious and modern layout is perfect for a small family or couple, offering peace and privacy.

This dual occupancy setup yields multiple income streams and significant flexibility. Combined, these two leases generate a 6.521% return based in on the listing price. The long-term shop tenant and commendable grannyflat tenants contribute to this low-maintenance, hassle-free investment.

Key Features:

? Prime dual occupancy investment in Lake Munmorah

? Commercial shopfront with 100% outgoings paid by the tenant

? Studio included in the shop's lease

? Modern two-bedroom grannyflat at the rear, leased for $490 per week

? Ideal main road exposure with excellent passing traffic

Seize this rare and exciting investment opportunity in a high-growth area. Secure your stake in Lake Munmorah's promising future today! For more information contact Heritage Real Estate Darin Butcher on 0414 920949.