This property comprises a modern CBD investment which is subject to a new 5+5+5 year lease from 1/7/19.
The net annual rental is $67,500 + GST with annual 2.5% increases and the tenant pays 100% of the property’s outgoings.
The building accommodates an approximate gross leasable area of 300m2 plus seven onsite car spaces.
The premises comprises a very popular cafe, desk hot spotting space and leased office suites.
The accommodation includes partitioned and open plan offices, lunchroom, separate female, male, and accessible amenities and an undercover outdoor area.
The approximate total site area is 544m2 with vehicular rear lane access via West High Street.
The property is located in popular Moonee Street, amongst multi-level office buildings, cafes, restaurants and only a short stroll to Harbour Drive, Coffs Harbour’s prime retail trading strip.
This prime investment enjoys the following features:
• Attractive net return with annual increases
• Long term lease with options to 2034
• Tenant pays all outgoings
• Affordable price range
• Popular CBD location
• Convenient position
• Easy access and plentiful parking
• Modern ground floor premises
• Refurbished open plan and partitioned offices
• Excellent amenities
• Generous onsite car parking
If you’ve been waiting for an affordably priced CBD investment offering a long term lease to a high quality tenant then CALL NOW!
The asking price of $1,040,000 (GST exempt) shows an attractive net return of 6.5%.
For all further details contact Exclusive Marketing Agents LJ Hooker Commercial:
Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Louise Mitchell lmitchell@ljhcoffs.com
LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 coffsharbour@ljhc.com.au
The leading specialist commercial agency servicing The Coffs Coast.