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Leased Retail Shop - Expires 2021 plus 5 year Option - CB...

12/20 Gordon Street, COFFS HARBOUR NSW, 2450

Sold

Property Sold in 12/20 Gordon Street, COFFS HARBOUR NSW, 2450

Your Commercial Property Specialist

Suite 1, Level 1, Coffs Service Centre, 380 Pacific Highway, Coffs Harbour, NSW 2450

Listing ID:
11351479
Status:
Sold
Price:
$185,000 no GST - all offers considered
Last Updated:
06/07/2019
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Property Type

Retail/Offices/Medical/Consulting
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Land Area

N/A
Icon size

Floor Area

62 SQM
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Parking

N/A

Leased Retail Shop - Expires 2021 plus 5 year Option - CBD of Coastal Coffs Harbour NSW

Coastal Coffs Harbour NSW is going ahead with tower cranes on the horizon and a new $20.1 million hotel in the CBD due to commence next year along with more projects proposed. Coffs Central Shopping Centre is expanding which will attract even more business to the CBD. An opportunity has become available to secure this leased shop in the Max Murray Mall in the commercial centre of Coffs Harbour NSW. The tenancy has been leased on a registered NSW Retail Lease for a period of 5 years which commenced on 23rd March 2016 with an option for a further 5 years. The current gross rental is $21,580 per annum (plus GST if applicable) plus outgoings of water/sewerage. Net return of approx. 16,929 after rates and strata levy. Annual increases of CPI with a market review for Year 6 then cpi.

Coffs Home Brew have been in this location for 12 years now. The strata shop is 62m2 and is one of 21 premises within a complex located on a busy intersection with good exposure and pedestrian traffic. It is zoned B3 Commercial Core. There are several free Council car parks offering both free timed and all day parking for customers and staff plus free timed on-street parking on two sides of the centre. Cafes, Banks and Post Office are nearby. Coffs Harbour has 70,000 plus population and growing.

This opportunity is available at an asking price of $185,000 with all offers considered.

Contact Steve Little on 0408 512 529 or steve@stevelittle.com.au for further information and to arrange your inspection.

For more details, please email agent

Your Commercial Property Specialist

Suite 1, Level 1, Coffs Service Centre, 380 Pacific Highway, Coffs Harbour, NSW 2450


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