47 Nicholson Street, Bairnsdale, VIC 3875

Development/Land | Showrooms | Hotel/Leisure

Sold

  • Property ID: 433933
  • Floor Area: 4211m²
  • Land Area: 6668m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Whole Property Sold 25/09/2023 4211m2 6668m2 Contact Agent
Unique Opportunity to Bolster a Thriving Retail Activity Centre

National Retail Group together with Savills are excited to offer for sale this highly prized retail asset in the heart of Bairnsdale's activity centre, offered for the first time in 35 years.

Investments highlights:

- Former supermarket space with significant 'Value-add' potential
- Commercial 1 Zoning allowing for a wide range of uses/options
- Dynamic 4,211 sqm * floorplan with parking for 87 vehicles on-title *
- Located in the retail heart of Bairnsdale
- Enormous scope to redevelop, repurpose or reposition
- Surrounded by major retailers Coles, Woolworths, ALDI, Bunnings, and more
- Potential net income of $630,000 pa *
- Concept plans available for redesign and splitting tenancy into smaller stores
- An integral part of Bairnsdale's Activity Centre primed for reinvigoration
*approx.

Bairnsdale Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $1262 $84 6.65%
Retail --- $250 ---
Offices $3069 $237 7.71%
This is the average advertised price, rent and yield for Bairnsdale, VIC 3875*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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