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142 Spit Rd 548 SF Retail Condo Unit Offered at $630,432 in Mosman, NSW 2088
Investment Highlights
- Positioned in an exclusive suburb with strong demographics
- Walking distance to Mosman Shopping Centre and Balmoral Beach
- High-profile location on Spit Road with excellent exposure
- Includes dedicated car space and visitor parking via rear lane
Executive Summary
Located in the prestigious suburb of Mosman, this ground-floor commercial property offers a rare opportunity for investors seeking a secure, income-generating asset in a prime location. Positioned at the northern end of Spit Road, the property is within walking distance to Mosman Shopping Centre and just 10 minutes from Balmoral Beach. With excellent public transport access and ample nearby parking, this property combines convenience with high visibility in one of Sydney’s most affluent areas.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 4.65% |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.65% |
Description
The property comprises approximately 51 m² of internal space plus a 14 m² car space, and is currently fitted out as a high-quality restaurant with seating capacity for 30 patrons. The fit-out includes a full commercial kitchen with grease trap and exhaust, reverse-cycle air conditioning, and floor-to-ceiling windows that maximize natural light and street exposure. Additional amenities include male and female bathrooms and a storeroom. Zoned E1 Local Centre, the property offers flexibility for future development or alternative uses (STCA).
Sale Notes
For Sale – $880,000. This is an exceptional investment opportunity in one of Sydney’s most desirable suburbs. The property is leased to a secure tenant on a 3 + 3 year lease, generating $46,800 per annum + GST, with annual 3% rent increases. The tenant pays water rates, while council rates and strata fees are covered by the vendor, ensuring minimal ownership costs. With its prime location, strong rental income, and high-quality fit-out, this property offers both immediate returns and long-term capital growth potential. Opportunities of this caliber in Mosman are extremely rare, making this a must-see for savvy investors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 | 548 SF | Retail | $630,432 ($1,150.42/SF) | $29,324.40 |
Unit 5
| Unit Size |
| 548 SF |
| Condo Use |
| Retail |
| Price |
| $630,432 ($1,150.42/SF) |
| NOI |
| $29,324.40 |
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Unit 5
| Unit Size | 548 SF |
| Condo Use | Retail |
| Price | $630,432 ($1,150.42/SF) |
| NOI | $29,324.40 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.65% |
| Description | |
| The property comprises approximately 51 m² of internal space plus a 14 m² car space, and is currently fitted out as a high-quality restaurant with seating capacity for 30 patrons. The fit-out includes a full commercial kitchen with grease trap and exhaust, reverse-cycle air conditioning, and floor-to-ceiling windows that maximize natural light and street exposure. Additional amenities include male and female bathrooms and a storeroom. Zoned E1 Local Centre, the property offers flexibility for future development or alternative uses (STCA).</li></ul> | |
| Sale Notes | |
| For Sale – $880,000. This is an exceptional investment opportunity in one of Sydney’s most desirable suburbs. The property is leased to a secure tenant on a 3 + 3 year lease, generating $46,800 per annum + GST, with annual 3% rent increases. The tenant pays water rates, while council rates and strata fees are covered by the vendor, ensuring minimal ownership costs. With its prime location, strong rental income, and high-quality fit-out, this property offers both immediate returns and long-term capital growth potential. Opportunities of this caliber in Mosman are extremely rare, making this a must-see for savvy investors.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Signage
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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142 Spit Rd
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