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Location:

20 , Gordon Street, Coffs Harbour, Nsw

Price:

$2,400,000 GST Exempt

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High Profile Cbd Investment Opportunity

Type: FOR SALE

Property Features
  • Category : Offices, Retail, Medical/Consulting
  • Building Area: 1072.00 Square Metres

Property Description

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.

Troy Mitchell [Phone Number Censored] [Email Censored]
Deb Grimley [Phone Number Censored] [Email Censored]

LJ Hooker Commercial Coffs Harbour office [Phone Number Censored] [Email Censored]

The leading specialist commercial agency servicing The Coffs Coast.

Property Agent

Advert Id:80040

Name: Troy Mitchell

Lj Hooker Commercial - Coffs Harbour
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