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Commercial Investment Opportunity - Fully Occupied

161 Balo Street, MOREE NSW, 2400

For Sale

Property for Sale in 161 Balo Street, MOREE NSW, 2400

Listing ID:
11358727
Status:
Active
For:
Sale
Price:
$870,000
Last Updated:
04/09/2019
Icon building

Property Type

Offices/Retail/Medical/Consulting
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Land Area

888 SQM
Icon size

Floor Area

780 SQM
Icon parking

Parking

N/A

Commercial Investment Opportunity - Fully Occupied

161 Balo Street, Moree offers investors the opportunity to secure a strong yield of 9.8% net ROI in a commercial setting in the heart of Moree's business precinct. The property strikes a good balance between retail, shops and offices offering a greater level of security in the marketplace.

Area:
888.9m2

Title:
Lot 2 DP 600708

Zoning:
B3 Commercial Core

Rates:
$13,215.40 pa

Location:
The property is located in the main street of Moree's CBD. Surrounding properties are comprised of prime retail, offices and hospitality outlets.

Situated approximately halfway between Sydney and Brisbane on the Newell Highway, Moree services a large agribusiness sector with strong ancillary services including two high schools, three primary schools, daily air and rail facilities to Sydney, a large shopping centre and a multitude of rural and retail outlets.

Improvements:
Constructed around the 1930s from the double storey building has brick walls, concrete floor and a galvanised iron roof comprising. The interior of this well-maintained property is a mixture of a double storey building with a mixture of shops and offices. The property is well secured at the front and the rear.

Lease breakdown available on request.

For more details, please email agent

Ray White Rural Moree

157 Balo Street, Moree, NSW 2400


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