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A unique opportunity to secure a prominent 1,362 sqm corner position with long frontage to the Pacific Highway in the coastal village of Lake Munmorah and the main gateway into eastern Lake Macquarie.
Currently the whole property including the carpark is leased by the existing restaurant which presents a perfect opportunity to hold as an investment whilst you explore future development potential, subject to council approval.
- Freestanding brick and weatherboard dwelling with a ribbed metal roof
- Alfresco dining area, ducted air conditioning, open fireplace, storage rooms, dining areas, bar & concrete patio
- Five year lease to 2025 with option to 2030
- Generating an income of $46,800 pa + GST (paid weekly)
- Council rates and water rates are paid by the lessee
- Adjoining the Lake Munmorah Motel
- Significant land area of 1,362 sqm approx. with a level carpark
- R1 General Residential zoning offering the ability for value-add options STCA
- Located in a high growth precinct on the Central Coast NSW
- The Greater Lake Munmorah Structure plan identifies the future growth of the area over the next 20 years
- Council rates $1,658 PA approx.
- Water rates $1,328 PA approx.
Disclaimer:
Every precaution has been taken to establish the accuracy of the above information, which we have gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and it does not constitute any representation by the vendor or agent.
If you have any enquiries please contact The Property Market direct on Display phone number
