Located in the heart of Gosford CBD, situated opposite Australia Post and across from the Imperial Shopping Centre, this Freehold building has eight (8) retail shops on street level that are fully leased and above is a well presented office.
There is a total net lettable area of 657m2 and the total land size is 1310m2.
This land mark building is well positioned in the rapidly expanding Gosford CBD and has development potential (STCA) with income while you wait.
Investment Analysis offers many benefits to an astute investor.
- Several long term tenants all with current leases
- Land size 1310m2 approx.
- Nett Lettable area of 657m2 approx.
- Eight (8) retail shops with a nett lettable area 493m2 approx.
- First floor office space nett lettable area 164m2 approx.
- Good mix of retail tenancies.
- Potential income of $191,118.55pa once fully leased
- Current gross income of $166,118.59pa
- Current Nett income $119,844.06pa
- Annual Rental increases
- Freestanding/Torrens title property
- Excellent location within the Gosford CBD
- Key asset in a very tightly held commercial area
- Development potential subject to council approval
- FSR 5.00m: Range 5.00-5.99m (according to NSW planning & environment website)
- Height 36m: Range 35.0-39.9m (according to NSW planning & environment website)