LJ Hooker Commercial are pleased to offer this prime Coffs Harbour CBD investment.
The property comprises a purpose built two storey retail banking chamber, circa 1970, accommodating ground floor retail premises and first floor office accommodation.
The building occupies an absolute prime retail position in busy Harbour Drive, Coffs Harbour's prime retail trading strip.
The property is located directly opposite the recently refurbished two storey 'Coffs Central' retail complex accommodating Australia post, BIG W, CBA, Suncorp/Metway, Kathmandu, a food court and the adjoining six level council car park.
The 'Woolworths' council car park is also located nearby.
The building is constructed of a concrete frame with brick infill walls under a metal roof.
Recent insurance refurbishment works, as a result of minor internal fire damage, is due for completion by January.
Prior to being damaged by fire, the building enjoyed an excellent occupancy level during the last 10-15 years.
The building accommodates an approximate gross leasable area of 2,188.3m2, apportioned as follows:
Ground Floor 1,236.9m2
First Floor 951.4m2
The ground floor is currently partitioned into three leasable areas, but could accommodate up to say six shops fronting Harbour Drive.
The first floor office space enjoys wide glazing facing Harbour Drive, offering excellent natural light and an attractive outlook overlooking the Harbour Drive shopping strip.
The property has an approximate total land area of 1,414m2 and enjoys frontage to Harbour Drive of some 28.12 metres and rear access to Park Lane of same.
The land is zoned Business Central Core 3a.
This prime CBD investment enjoys the following features:
- Absolute prime retail location
- Solid purpose built bank building
- Offered with vacant possession
- Huge value-add potential following refurbishment/releasing
- Excellent occupancy history
- Strategic holding in the burgeoning Coffs Harbour CBD
This attractive opportunity will suit investors looking to obtain well above average returns upon leasing the premises.
The property is to be offered for sale by auction on site at 10.30am Thursday, 12th March.
For all further details, including a copy of the Information Memorandum, contact Exclusive Marketing Agents:
