This high profile, modern, fully leased investment occupies a standout location on the south western corner of busy Park Avenue and Little Street, within the burgeoning Coffs Harbour CBD.
The single storey building, which covers the whole of the site, accommodates six tenancies ranging in size from 45m2 to 136m2, with an approximate gross leasable area of 482.5m2.
Anchored by quality tenants including Star Pharmacy Group, The Optus Shop, Flirt and Pacific Bulk Foods, the investment's approximate gross annual rental is $169,681 plus GST.
Lease terms are mostly 3 and 5 years with the same options.
The rectangular level site enjoys three street frontages with a combined length of over 65 metres and an approximate total site area of 506m2.
The high profile building is situated directly opposite Woolworths' very successful CBD supermarket and multi-level car park.
Harbour Drive's prime retail trading strip is some 100 metres away and provides a full range of city services, featuring alfresco cafes and restaurants.
Features of this prime retail investment are as follows:
- High profile corner position
- Prime retail location
- Excellent tenancy mix
- Quality retailers
- Long term leases
- Attractive high net return
The investment has an approximate net annual rental of $153,889 plus GST, showing a net return 7.16% on the asking price of $2,150,000.
Contact exclusive marketing agents, LJ Hooker Commercial, for a copy of the Property Information Memorandum:
