1 Easther Crescent, COCONUT GROVE NT 0810
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- 23 Mar 2017
Blue Chip Location on Bagot Road
1 Easther Crescent, Coconut Grove represents an exceptional opportunity to secure a prime corner site situated on the very busy Bagot Road. The site on Bagot road sits directly opposite the Jape Homemaker Village and is a highly visible site and has a total land area of 1,280sqm. The site has two cross-overs with the access off of Bagot and an exit on to Easther Crescent.
The property has been leased as a KFC restaurant with an associated drive thru for over 35 years and it is the first time it has been offered to the market for sale.
The improvements were constructed on or around 1982 and are still quite functional and obviously work well as a fast food restaurant and take away.
The property is zoned C - Commercial and while it its highest and best use is currently as a restaurant and associated drive-thru it also has a multitude of potential future redevelopment options.
The property is securely leased to KFC until January 31st, 2018 at an annual net rental of $115,166.
The property is being auctioned on April 21st at 11am at the Travelodge Mirambeena Resort, 64 Cavenagh Street, Darwin.
Contact: Matthew Knight - 0413 058 020 or Cameron Arnott - 0448 882 399
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
1 Easther Crescent COCONUT GROVE