82-84 Pacific Highway, Roseville
Row of Retail/Commercial Properties To Be Sold In One Line
Potential to redevelop into one large retail outlet.
First time offered for sale since 1936 - only one owner. This is a rare chance to acquire three shops and a commercial property on two titles. A sensational opportunity for investors, business owners and developers. They could be maintained in their current state, reconfigured or transformed into a stylish new development (subject to approval). Set directly opposite Roseville Station, the properties command a prominent position, with high levels of passing traffic and exceptional exposure.
First time offered for sale since 1936 - only one owner. This is a rare chance to acquire three shops and a commercial property on two titles. A sensational opportunity for investors, business owners and developers. They could be maintained in their current state, reconfigured or transformed into a stylish new development (subject to approval). Set directly opposite Roseville Station, the properties command a prominent position, with high levels of passing traffic and exceptional exposure.
- Currently tenanted by four businesses, each with expired leases
- No: 82 lower level – unrenovated open plan office space
- No: 82a upper level - modern dental surgery (above 82 & 84)
- No: 84 lower level – stylishly presented retail space
- No: 84A (separate title) – framing shop with upper level work area or 2 bed apartment
- Nine car spaces, generous rear courtyards, total land size 550.1 m2 approx.
- Convenient sought-after location with council car park at rear
- Opposite Roseville Train Station, one block from Roseville Cinema
2015 Land value: $848,666
Approximate quarterly outgoings:
Council rates: $1,539
Water rates: $803
TOTAL: $2,342 per quarter
Approximate land area: 550.1 Square Metres
Zoning: B2 (Local Centre)
Solicitor: Garry Pritchard , Emil Ford Lawyers : 9267 9800, Suite 4 Level 5 580 George Street Sydney NSW 2000, Garry.Pritchard@emilford.com.au
Site Areas
82-84 Pacific Highway: 297.2 m2 (9.074 m frontage)
84A Pacific Highway: 252.9 m2 (4.826 m frontage)
Total: 550.1 m2
All figures supplied are approximate
Dimension information supplied by Turnbull Planning International. Not confirmed by Croll Real Estate. Prospective purchaser's need to rely on their own inquiries in this regard.
Total Lettable Areas (Building Areas)
82-84 Pacific Highway: 178 m2
84A Pacific Highway: 177 m2
Total: 355 m2
All figures supplied are approximate
Information supplied by Opteon Property Group. Not confirmed by Croll Real Estate. Prospective purchaser's need to rely on their own inquiries in this regard.
Zoning
B2 (Local Centre) under Ku-Ring-Gai LEP (Local Centres) 2012
Tenancy Details (Current Monthly Rent - Including GST)
82-84 Pacific Highway: #82 (lease AF994686) $1,781.76, #82A (lease AC868230) $1,545.60 and #84 (lease AH376760) $1,668.33. Total $4,995.69.
84A Pacific Highway: (lease AD402282) $2,826.15
Each tenant is holding over and the vendor warrants that the option in the lease has not been exercised.
Estimated Current Market Rent (Per Annum Gross - Excluding GST)
82-84 Pacific Highway: $74,650
84A Pacific Highway: $57,525
Information supplied by Opteon Property Group. Not confirmed by Croll Real Estate. Prospective purchaser's need to rely on their own inquiries in this regard.
Land Value (2015)
82-84 Pacific Highway (PID 709887): $530,000 - 3 year average $463,333
84A Pacific Highway (PID 709886): $441,000 - 3 year average $385,333
Total land value: $848,666 - threshold $432,000 = $416,666
Tax $100 Plus Balance @ 1.6% = $6,766.66
Other Outgoings (2014 Tax Year)
82-84 Pacific Highway: cleaning $69, council rates $3,240, gardening $253, insurance $3,214, agent's fees $3,382, maintenance $572, water charges $802, fire protection $682 and electricity $765. Total $12,979.
84A Pacific Highway: council rates $2,745, insurance $1,071, agent's fees $1,865, maintenance $2,016 and water charges $2,146. Total $9,843.
A building report will be available shortly. Please register your interest to receive a copy with agent.
The floor plan will be added shortly.
Note the rent for #84 in the contract states $1,688.33. The correct figure is $1,668.33. This is currently being corrected.
Please note we have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers/tenants must rely on their own enquiries in this regard. We will not accept any liability for any incorrect representation(s) claimed to be made that has not been confirmed in writing with the agent prior to the purchaser/tenant exchanging contracts.
Inspection times
Please contact the listing consultant below to make an appointment to view the property at a convenient time. Alternatively click here to receive a notification when we schedule the next inspection.
