Are you looking for a unique investment opportunity in the centre of a stunning island paradise? Look no further than Norfolk Island!
LJ Hooker Commercial Southern Gold Coast is proud to present this freehold retail investment property to the market For Sale The Strand Arcade!
This multi-tenanted building is strategically positioned on the main street in the core and center of Norfolk Island township with an extensive frontage to Taylors' road - seeking maximum exposure.
Key Attributes:
- 1,014sqm site with ample onsite parking & signage
- 910sqm building over 2 levels
- 13 tenancies (two shops vacant and available for let)
- Annual income of over $110,000* (fully leased)
- Tenants pay outgoings
- Well-established, successful, and strong trading retail complex
- Block construction with concrete floors and a panel deck roof (recently repainted)
- Construction would suit strata title
- On and off-street parking available + shared M/F amenities
This is a unique and rare opportunity for the savvy investor to secure a solid property with holding value and passive income.
Norfolk Island is an island paradise that enjoys a quality organic lifestyle and has seen a 25% population growth since 2016 (Census data 2022).
Located in the Pacific Ocean, Norfolk Island is a small and vibrant territory with a rich history and culture. With stunning natural beauty, a warm climate, and a relaxed lifestyle, it's no wonder that Norfolk Island is a popular destination for tourists from around the world.
But Norfolk Island is more than just a tourist destination. The island is also home to a thriving economy, with opportunities for investment in a range of sectors including tourism, agriculture, fishing, and retail.
One of the biggest advantages of investing in Norfolk Island is its tax-friendly status. As an Australian external territory, the island has its own tax laws that offer significant benefits to investors. For example, no land tax makes it a highly attractive destination for property investors.
For more information or to arrange your inspection, please contact listing agent Teresa Skordou 0424 054 228 and Jane Sanders 0412 698 032.
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Disclaimer:
All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to LJ Hooker by third parties. LJ Hooker is unable to definitively confirm whether the information listed is correct or 100% accurate. LJ Hooker does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained on the Website. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website. Prices displayed on the Website are current at the time of issue, but may change.
