Phone enquiries - please quote property ID 31619.
Price reduced to a very attractive over 7.5% yield!
please call
Discover a remarkable investment opportunity in the emerging coastal town of Pacific Palms this is a popular holiday destination
The site is situated in Charlotte Bay in the middle of Blueys Beach, Smiths Lake, and Coomba Park, and a mere 25km from Forster, this solid blue chip investment is a treasure awaiting savvy investors.
Featuring two secure tenants, FoodWorks and Metro Petroleum, this property guarantees a strong and reliable income stream. Long-term leases with annual CPI increases provide certainty and stability for your investment portfolio. The option periods extending through to 2042 and 2046, coupled with a recently built supermarket with a 20-space concrete car park at the rear,
Refurbished service station improvements including new dual wall piping and new tanks, parking spaces + on-street parking at the front of the property solidify the property's long-term value.
Prominent street frontage ensures maximum exposure to passing traffic, further enhancing the property's investment appeal.
Spanning across 2068 sqm of land, this property boasts sound construction and high-profile tenancies, making it a standout choice for investors. With a key location in Charlotte Bay and the added allure of Wallis Creek frontage at the rear, this property offers further potential for growth.
The two tenancies have a combined net income of $395k p.a.
offering a guaranteed dual income stream with even more untapped possibilities.
Astute buyers may also want to take advantage of the private 8-meter wharf, Current owners have moored houseboats up to 60ft with 40 meters of waterfront to Moor your personal boat and an additional garden section can be fenced off to make a private marina berth.
Other possibilities include utilizing the garden area for a food or coffee van for further income
Charlotte Bay, a small community in the Great Lakes District, serves as a vital link between Forster and the Pacific Highway. With an established trading history for both tenancies, this investment promises a lucrative future in a rapidly growing region.
Don't miss out on this extraordinary opportunity to secure exceptional returns on your investment. Enquire today to explore the vast potential of this remarkable investment property.
Details:
Lot Plan: 1/DP1235034
Lot Plan: 2/DP1235034
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.