This sought after retail property offers a highly attractive net return within a very accessible price range.
The investment is anchored by a complimentary mix of long term established tenants generating an estimated net annual income of $118,626pa plus GST.
The six shops have been strata titled for potential individual disposal which assists financing.
The total leasable area is some 609m2 plus secured onsite car parking for 18 vehicles.
Alternatively, the massive corner laneway site of 1,229m2, with an approximate frontage to the Pacific Highway of 30 metres, can be reserved for future redevelopment.
The FSR is 3.5:1 with a nine storey height limit.
Coffs Harbour's burgeoning CBD is enjoying a renaissance with the current development of Gowing Bros. 80 room hotel.
This investment enjoys the following features:
- Securely leased retail investment
- High profile position
- Busy CBD location
- Anchored by long term established tenants
- Excellent tenancy mix
- Six adjoining strata titled shops
- Total building area - 604m2 NLA
- Net annual rent approximately $118,626pa + GST
- Large level corner site
- B3 commercial core zoning
- Land area - 1,229m2
- Park Lane vehicular access
- Bitumen sealed car park
- 18 onsite secured car spaces
The property will be offered for sale by public auction in Sydney CBD at 11am on Tuesday 19th September 2017.
Contact marketing agents for your copy of the Information Memorandum.
Troy Mitchell 0417 695 915 email@example.com
Louise Mitchell (02) 6651 6711 firstname.lastname@example.org
LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 email@example.com
The leading specialist commercial agency servicing The Coffs Coast.