Shops 13, 19-24, 20 Gordon Street, Coffs Harbour, NSW 2450

Offices | Retail | Medical

For Sale $3,300,000 - $3,500,000

  • Property ID: 385465
  • Floor Area: 1253.35m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
HIGH PROFILE CBD INVESTMENT OPPORTUNITY

Shops 13 and 19 - 24 comprise high profile retail premises which accommodate an approximate gross leasable area of 1,253.35m2.
Occupying a favorable corner street front position within the landmark Max Murray Mall, the shops are 70% leased.

The existing tenants are on relatively new leases and comprise Office Choice and Mid Coast Communities, occupying a combined 887.35m2 or 70% of the total GLA. b
The retail area occupied by Office Choice has recently been fully refurbished.
The are occupied by Mid Coast Communities comprises high quality CBD standard offices, previously occupied by the Department of Community Services.

The gross annual rental on a fully leased basis, including approximately $130,000 for the two unoccupied areas, is $329,408 excluding GST.

The fully leased net annual rental is approximately $264,323 excluding GST, which equates to an approximate net annual return of 7.5% to 8%.

Coffs Harbour's burgeoning CBD is subject to several high profile proposed developments including the CEX's high rise residential tower due to commence 2022, Coffs Central's high rise visitor hotel and Coffs Council's Civic Centre due to commence 2021.

This prime CBD investment enjoys the following features:
- Prime high profile CBD position
- Substantial frontage to busy Gordon Street
- Corner Park Lane location
- Approximately 50 metres to the prime retail trading strip along Harbour Drive
- Proposed 80 room hotel some 50 metres away on the corner of Gordon Street and Harbour Drive
- Secure investment anchored by Office Choice and Mid Coast Communities
- New leases
- High net return

If you've been seeking a to secure a prime commercial investment in Coffs Harbour's burgeoning CBD then CALL NOW!!!

The asking price shows a fully leased NAR of 7.5% to 8%.

For all further investment details contact Marketing Agents LJ Hooker Commercial Coffs Harbour:

Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Deb Grimley 0434 301 550 dgrimley@ljhcoffs.com

LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 coffsharbour@ljhc.com.au

The leading specialist commercial agency servicing The Coffs Coast.

Coffs Harbour Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5429 $502 9.25%
Offices $4107 $354 8.62%
Industrial --- $116 ---
This is the average advertised price, rent and yield for Coffs Harbour, NSW 2450*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 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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