1/2 Bungan LaneMona Vale NSW 2103
Property Details for 1/2 Bungan Lane, Mona Vale
Last Listing description (June 2024)
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:
- 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
- Annual rent reviews to fixed percentage
- Current market rent review on entering option period
- Separate Kitchen area and large storage room
- Excellent natural light via floor to ceiling glass curtain windows
- Strata Area 103 sqm (approx.)
- Zoned MU1 Mixed Use under Northern Beaches Council LEP
- Public parking in adjoining Lane and NB Council Parking Station
- The property would make a great addition to any property portfolio.
Property History for 1/2 Bungan Lane, Mona Vale, NSW 2103
- 20 Mar 2024Listed for Sale Contact Agent
- 08 Nov 2021Listed for Sale $1,135,000 + GST
- 08 Nov 2021Listed for Rent $65,000 + GST Gross
Recent sales nearby
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About Mona Vale 2103
The size of Mona Vale is approximately 4.9 square kilometres. There are 21 parks, covering nearly 16.8% of the total area. The population of Mona Vale in 2016 was 10670 people. By 2021 the population was 10877 showing a population growth of 1.9% in the area during that time. The predominant age group in Mona Vale is 50-59 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 2021, 75.10% of the homes in Mona Vale were owner-occupied compared with 74.80% in 2016.
Mona Vale has 5,826 properties. Over the last 5 years, Houses in Mona Vale have seen a -1.01% decrease in median value, while Units have seen a 5.23% increase. As at 31 July 2026:
- The median value for Houses in Mona Vale is $2,427,215 while the median value for Units is $1,568,561.
- Houses have a median rent of $1,300 while Units have a median rent of $850.
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