Shops 19 to 24 inclusive comprise high profile retail premises which accommodate an approximate gross leasable area of 1,072m2.
Occupying a favourable corner street front position, within the landmark 'Max Murray Mall', the shops are mostly fully leased.
The existing tenants are on relatively new leases and comprise Office Choice and Mid Coast Communities occupying a combined 731m2 or 68% of the total GLA.
The retail area only recently vacated by national retailer Dick Smith is 237m2 plus mezzanine of 104m2.
The gross annual rental on a fully leased basis, including say $81,500 for the vacant area, is $251,703.
The fully leased net annual rental is approximately $189,807 plus GST which equates to an approximate net annual return of 8%.
This investment enjoys the following features:
- Prime high profile CBD position
- Substantial frontage to busy Gordon Street
- Corner laneway location
- Some 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 3+3 year leases
- High net return
- High regional growth centre
If you've been seeking a to secure a prime commercial investment in Coffs Harbour's burgeoning CBD then CALL NOW!!!
The asking price of $2,400,000 shows only $2,238/m2 GLA or a fully leased NAR of 8%.
For all further investment details contact Marketing Agents LJ Hooker Commercial Coffs Harbour today.
