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92-94 Smith Street
Kempsey NSW 2440
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Sold on 24 Aug 2016

92-94 Smith Street Kempsey NSW 2440

  • Shop & Retail
  • 1,568 m²
  • Sold

Mulit-Purpose Commercial Property Returning 8% Nett - Wow!

Wow, what a brilliant investment choice - a multi-purpose commercial site, tenant number one in place offering 8% nett return and, there's more land and infrastructure to lease out to a second and possibly third tenant - so yes, there's opportunity for massive returns.

Investors, this deserves your attention!Business operators, this also deserves your attention - you may just have a business that could operate here with/without the current current tenant (either way, this is a cheap way to get a 'big' slice of commercial real estate smack bang in the centre of Kempsey!).

- Currently used as a car sales yard and car detailing premises with Council DA approval for: car sales, mechanical work & detailing.
- Tenant paying rent and all out goings equaling an 8% nett return and offering to stay on a 2+2 year lease. Also, this tenant is happy to only use half the yard and leave other half for 2nd or 3rd possible tenant/owners to occupy.
- A massive block of 1,568sqm.
- Room enough for several businesses to operate within.
- Zoned: B3 Commercial Core.
- With a big wide street frontage of 32m (depth of block 50m).
- Presents with massive street exposure - main CBD street, opposite the driveways to both Big W and McDonalds.
- Improvements include: Brisley Barn office/accommodation, car port shelter (enough for jamming 24 cars under in case of storms/hail), wash bay, grease trap, water recycling system, back-to-base alarm, phone system (3 phone lines), secure fencing.
- Town water, power.

"This block is so big, so well-shaped and positioned you could run 3 different business from here easily - in fact, it is doing so now: car sales, car detailing and Hertz rentals. Or knock-down and develop into something completely unrelated to the car industry."

Business owners and investors, this is 'the start in life you need'...Your very own work place/with accommodation and extra income or a GREAT investment return...Use what part of the block you need and rent the other space out.

Call us any day/anytime!

Property Highlights

Date Sold24 Aug 2016
Floor AreaAsk Agent
Land Area1,568 m²
ParkingAsk Agent
Property ID2012790032
Category
Last updated  13 Feb 2017
Map for 92-94 Smith Street Kempsey NSW 2440

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Property Highlights

Date Sold24 Aug 2016
Floor AreaAsk Agent
Land Area1,568 m²
ParkingAsk Agent
Property ID2012790032
Category
Last updated  13 Feb 2017

Listed by

Kelly Flanagan Real Estate
Call
02 65623600

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