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CBD Tenanted Investment With Lease Until 2025 With 8 Year...

23 Park Avenue, COFFS HARBOUR NSW, 2450

Sold

Property Sold in 23 Park Avenue, COFFS HARBOUR NSW, 2450

Your Commercial Property Specialist

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

Listing ID:
11367671
Status:
Sold
Price:
$995,000
Last Updated:
06/12/2019
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Property Type

Offices/Medical/Consulting/Retail
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Land Area

522 SQM
Icon size

Floor Area

429 SQM
Icon parking

Parking

7

CBD Tenanted Investment With Lease Until 2025 With 8 Year Option

Rare opportunity to secure a CBD property with long term lease to reputable local organisation -
Coffs Harbour Aboriginal Community Care Centre Inc. (known as "Abcare").

ABCARE has been operating since 1987 and was a tenant with the previous landlord for 25 years.

3.0% fixed annual increases with review to market on exercise of option.

Lease provides for tenant to pay 100% of outgoings; including council rates, land tax, insurance, air conditioning and fire and emergency equipment.

The current tenant has invested in the internal fitout including upgrading some parts of the building to suit their needs.

The building has ducted air conditioning, NBN connection, modern internal fitout, great signage exposure and on site parking for up to 7 vehicles.

Zoned B3 Commercial Core, this is the strongest commercial zoning in the city; providing many opportunities for the purchaser - including future redevelopment opportunities*STCA.

Park Avenue has long been a popular location for both local and national businesses.
Businesses currently located on Park Avenue include Woolworths, OPTUS, The Cheese Cake Shop, Morgans Financial Ltd as well as pharmacies, accountants, real estate agents, lawyers, travel agents, restaurants, allied health professionals. health clubs, employment agencies just to name a few.

Park Avenue also benefits from multiple large FREE to park council carparks.

DONT Miss out on this rare opportunity to secure tenanted CBD investment with such a reputable tenant in place.

For further information or to arrange an inspection contact exclusive Agents - Your Commercial Property Specialist:

Cherie Parik: 0423 369 999 or cherie@yourcps.com.au
Steve Little: 0408 512 529 or steve@stevelittle.com.au
Office: (02) 5606 2444 or admin@yourcps.com.au

We are your commercial property people - and we look forward to securing this premises for you/your client.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify the information.

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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