37 Vernon Street, Coffs Harbour NSW

For Sale

Retail

SOLD

420m2

This modern fully refurbished building is home to one of Coffs Harbour's most popular cafes Palate and Ply.
Palate and Ply have a new 5 year lease from 1/2/18 with options to 2028.
Rental from 1/2/19 is $66,000 plus GST.
The annual outgoings are $9,308.
The building occupies a prime CBD position, close to busy Harbour Drive, banks and Coffs Central, with convenient car parking at the front door.
The building was fully refurbished in 2013 and enjoys a high ceiling height.
It accommodates an approximate total floor area of 330m2 plus a mezzanine of some 90m2.
Palate and Ply have a very high quality fitout.
Features include generous internal and external dining areas, private mezzanine level, commercial kitchen and separate male, female and accessible amenities.
Occupying a prime central position within the favourable eastern office precinct, the business enjoys easy access to all CBD services and their customers enjoy a very high level of convenience.
The land has a 10 metre frontage to Vernon Street with an approximate total site area of 359m2.
The property is zoned B3 Commercial Core under Coffs Harbour LEP which permits a wide variety of commercial usage.
Coffs Harbour CBD is currently enjoying a renaissance, particularly the eastern precinct with two high rise buildings nearing completion, including the nearby Kmart at Coffs Central and Council's nearby proposed Cultural Centre and Civic building.

This excellent opportunity offers the following features:
- Very affordable CBD entry price
- Attractive net return
- Prime CBD position in the eastern office precinct
- Close to all CBD services
- Extremely convenient for customer access
- Long term lease to high quality tenant

If you've been seeking a prime investment in Coffs Harbour's burgeoning CBD then CALL NOW!!!

For further details contact Exclusive Marketing Agents LJH Commercial Coffs Harbour:

Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Deb Grimley 0434 301 550 dgrimley@ljhcoffs.com
LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 coffsharbour@ljhc.com.au

The leading specialist commercial agency servicing The Coffs Coast.
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