20 Bungan Street

One Agency Commercial – Bakker Property Solutions is proud to present Shop 2, 20 Bungan Street, Mona Vale for sale.
This is a prime investment opportunity in a modern, high-quality retail space.


Located within the renowned Peninsula Plaza, this property enjoys exceptional exposure on the ground floor of a well-established building, nestled in the heart of a thriving medical precinct. The location offers easy access to key amenities and is surrounded by a variety of complementary businesses.


Currently leased to MGS Physiotherapy, a trusted name in physical therapy across the Northern Beaches, this property presents a secure, long-term investment. MGS Physiotherapy has been in occupation since 2018 and has recently signed a new 5-year lease, with options for further 5 + 5 years from October 2024.

MGS Physiotherapy is a leader in injury prevention, rehabilitation, and holistic patient care, with clinics in Manly, Curl Curl, and Mona Vale. Their strong presence and reputation in the community ensure a stable and reliable rental income.


This property offers an ideal addition to any investment portfolio, combining modern retail space with the security of an established tenant in a prime location.



Don't miss this rare opportunity to secure a highly sought-after asset in one of the Northern Beaches' most prestigious precincts.


Details
• For Sale $1,450,000 Nil GST - Sold as a going Concern
• Net Rent $81,599.40
• Net Yield 5.63%
• Outgoings paid by the tenant including Strata Levies, Council Rates, Water Rates and Property Mangement.

Features

• High profile location close to Mona Vale and Pittwater roads
• Professional, retail, and commercial mixed-use building
• Modern high quality physiotherapist fit out
• Ducted air-conditioning and commercial grade carpet
• Currently leased on a 5 year lease with 5 + 5 year option
• Well-appointed consult rooms & large gym area
• Internal area of 162 sqm
• Five security basement car spaces on title

An opportunity to purchase into Mona Vale's tightly held commercial precinct not to be missed.