This prime CBD retail investment property comprises three adjoining tenancies in a building, which is situated opposite Woolworths supermarket in the burgeoning Coffs Harbour CBD.
The property also enjoys some highway vehicular exposure.
The property occupies a favourable position within the popular eastern CBD precinct.
This multi-tenanted retail investment consists of three tenancies, including The Cheesecake Shop, Funk My Phone and Coffs Coast Family Law.
The approximate gross annual rental is $81,546 excluding GST.
Passing rentals are in line with prevailing market rentals and all leases commence during 2015.
The approximate gross leasable area is 237m2.
The leases include a mixture of 2, 3 and 5 year leases.
The site enjoys an approximate frontage to Park Avenue of 29 metres plus frontage to Studio Lane.
Total site area is some 250m2.
The land is zoned Business City Centre Core under Coffs Harbour LEP 2013.
This prime investment opportunity enjoys the following features:
- Strategic CBD retail holding
- High profile position
- Substantial frontage facing Woolworths Supermarket
- Quality tenancy mix
- New 2015 leases
- Secure multi-tenanted investment
- Affordable sub $1mil price range
- Attractive net return
This prime retail investment is offered for sale with an asking price of $960,000 GST exempt, showing an approximate return of 6.95%.
For all further details contact the exclusive marketing agents:
