ANZ premises in Mona Vale set for auction

ANZ premises in Mona Vale set for auction
ANZ premises in Mona Vale set for auction

An ANZ retail banking facility in Mona Vale is set for October 23 auction.

Situated at 10-12 Bungan Street, the building is leased to ANZ for 10 years until 2025 with options to 2040.

The building recently underwent building upgrades as well as an ANZ fitout to bring it up to corporate standards.

Net income on the property is currently $260,549 with 3.5% annual rent increases.

The tenant pays all outgoings.

The listing notes there is proposed zoning uplift allowing future development potential (STCA).

ANZ premises in Mona Vale set for auction

Set on a 294 square metre block, the two storey building last sold for $2.02 million in 2000.

Tags: 
Retail Listing Anz Bank

Comments

Be the first one to comment on this article
What would you like to say about this project?