FOR SALE
to Offers over $950,000 Nil GST

Shop 1 / 2 Bungan Lane
Mona Vale NSW 2103

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 103m2
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GREAT COMMERCIAL INVESTMENT - GREAT LOCATION

The North Agency Commercial have been appointed as exclusive sale agents for this exceptionally well presented, commercial / retail investment opportunity positioned in a central location of Mona Vale's business hub. Offered for sale with an existing tenancy and owned in strata title, the property would be a strategic addition to any investment portfolio. Traditionally tightly held real estate, the opportunities to purchase in central Mona Vale are rare.
Investors take note of this opportunity.
Features include:
- Ground level commercial / retail shop situated in Mona Vale's business hub
- Located in a boutique contemporary mixed-use building of only 10 shops / suites.
- Exceptional street presence and exposure with easy client access.
- Internally the shop has a modern, stylish design in an open plan layout
- Polished concrete floors with exposed air-conditioning system
- Leased to a popular, well-known local hairdressing salon.
- Tenancy terms are an existing 3 year lease with 3 year option
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Property Details for Shop 1 / 2 Bungan Lane, Mona Vale

Building Type
Commercial
Floor Size
103m2

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About Mona Vale 2103

The size of Mona Vale is approximately 4.9 square kilometres. It has 21 parks covering nearly 16.8% of total area. The population of Mona Vale in 2011 was 10,166 people. By 2016 the population was 10,652 showing a population growth of 4.8% in the area during that time. The predominant age group in Mona Vale is 40-49 years. Households in Mona Vale are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mona Vale work in a professional occupation. In 2011, 72.9% of the homes in Mona Vale were owner-occupied compared with 74.8% in 2016.

Mona Vale has 5,688 properties. Over the last 5 years, Houses in Mona Vale have seen a 57.66% increase in median value, while Units have seen a 13.00% increase. As at 30 November 2024:

  • The median value for Houses in Mona Vale is $2,446,983 while the median value for Units is $1,203,071.
  • Houses have a median rent of $1,295 while Units have a median rent of $775.
There are currently 17 properties listed for sale, and 12 properties listed for rent in Mona vale on OnTheHouse. According to CoreLogic's data, 213 properties were sold in the past 12 months in Mona vale.

Suburb Insights for Mona Vale 2103

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Rob Henderson
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Lincoln Gutherson
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The North Agency
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.