Three long term tenants have anchored this high profile corner site in Coffs Harbour's CBD for some years now. With 296m2 under roof plus 6 car spaces on title plus 2 under cover, this strata title investment property is offered with a gross return of $63,660 + GST and is netting approximately $44,390 + GST after Council Rates and Strata Levies or approximately 7.16% net return. Offers invited. The total strata area is 385m2 approx.
Win's Thai Restaurant have a lease until April 2019
Royal Far West have a lease until October 2016 plus a 3 year option.
Ngurrala Aboriginal Corporation have a lease until 30 June 2015 plus a one year option.
Moonee Street is fast becoming Coffs Harbour's new restaurant precinct, both day and night with Win's Thai being one of the most popular on the strip. Royal Far West is an 85 year old organisation that has been established in the City for in excess of 30 years. Ngurrala Aboriginal Corporation have been in occupation since 2010 and are funded by Government Agencies hence the shorter term leases to fit in with their funders requirements.
This property should seriously be considered and all offers put forward will be considered. Please contact Steve Little 0408 512 529 or email email@example.com for further information or to arrange an inspection.
For more details, please email agent