10 & 10a/28 Lockwood Avenue, Belrose NSW 2085

$5,180,000

12 parking

Brand New Retail – 10 Year Lease – Wellness Centre (7% Net Yield)

A rare chance to secure high-performing, brand-new retail investment in one of the Northern Beaches' most desirable and fast-evolving suburbs. This outstanding opportunity combines long-term lease's, premium-grade construction and an unbeatable location adjacent to Glenrose Village Shopping Centre. Belrose is experiencing ongoing demographic and infrastructure growth, making it a solid choice for long-term capital and income security.

* Internal Area: 573sqm
* 12 car spaces included
* 10 year lease to a Wellness Centre
* Part of a newly constructed, boutique shop top development
* Disabled access to each tenancy, ensuring compliance and accessibility
* Central open-air atrium with landscaped surrounds and alfresco seating
* Multiple lift access points providing ease of movement for all users
* End-of-trip facilities, including bicycle storage and shared disabled amenities in the building
* Approx. 3 – 3.2m ceiling height
* Zoning: E1 Local Centre
* Completion anticipated by early 2026

Lease details
* Tenant: LVS – Living Vitality Spa (Wellness Centre)
* Term: 10 years
* Reviews: 4 % annually
* Rent: $362,500 + GST Net
* Outgoings: $67,578 approx per annum

Belrose has very leafy surrounds and a lovely community feel and this development is perfectly situated close to all local amenities. Moments away from schools, Lionel Watts reserve & Frenchs Forest showground, Glenrose Shopping Village, bus stops and main roads, the building is very well placed in terms of connectivity, convenience and accessibility.

Contact Vincent West 0403 444 000 or Oliver Rosati on 0428 877 888 today for your inspection.

**All prices are per annum and quoted areas/measurements are approximations only**

Property Details

• Type: Retail, Medical/Consulting, Offices
• Building Area: 573 m² (approx)
• Tenancy: Tenanted