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14 Smith Street
Kempsey NSW 2440
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Sold on 1 Apr 2016

14 Smith Street Kempsey NSW 2440

  • Offices
  • 2,873 m²
  • Sold

CBD Retail Arcade with Upside. Circa $1M: Well Below Replacement Value.

Landmark 'Centrepoint Arcade' - comprising 12 ground floor retail tenancies and a first floor gym.
Major value add opportunity â?? potential investor/development upside (STCA).
Diverse mix of tenants including jeweller, takeaway food, cafe and Williams Shoes; national retailer with over 120 stores.
With a Gross Regional Product of $12.16 billion Kempsey LGA forms part of the Mid North Coast region which boasts a population of 259,000 expected to grow to 277,450 by 2021.
Central CBD 2,873 sqm site surrounded by IGA, Aldi, Coles & Woolworths supermarkets.
Excellent main street exposure as well rear lane access, adjacent to a large council carpark.
Clear instructions to sell; likely to trade circa $1 million.
Estimated Net Income: $38,273 pa + GST.
Refer to latest information memorandum regarding income.

AUCTION

Auction date and time05/04/2016 11:00
Auction locationDoltone House Hyde Park

Property Highlights

Date Sold1 Apr 2016
Floor AreaAsk Agent
Land Area2,873 m²
ParkingAsk Agent
Property ID2012645199
Category
Last updated  1 Apr 2016
Map for 14 Smith Street Kempsey NSW 2440

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Property Highlights

Date Sold1 Apr 2016
Floor AreaAsk Agent
Land Area2,873 m²
ParkingAsk Agent
Property ID2012645199
Category
Last updated  1 Apr 2016

Listed by

Rhys Parker
Rhys Parker
Burgess Rawson Sydney
Call
0451 101 042

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