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144-148 Nicholson Street
Orbost VIC 3888
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144-148 Nicholson Street Orbost VIC 3888

  • Offices
  • 456 m²
  • For Sale, $730,000

The Arcade - Modern Building in the Orbost CBD

    Known locally as "The Arcade", 144-148 Nicholson Street is one of the more modern buildings in the Orbost CBD. Zoned Commercial 1, the property is of solid brick construction and runs between Nicholson Street and the council managed carpark to the rear. The property comprises four separate titles, plus an outdoor common area as the centrepiece of the building. Three units that have direct street frontage to Nicholson Street, whilst the other six are more private and accessed from the common area.

    The property is professionally managed onsite by Coast to Country Real Estate which occupy three units. Other tenants include a Laundrette and a State Government Health service which occupies two units. Roller doors front and rear provide extra security for the units without street frontage, whilst there are toilets in the complex. A curved awning at the front on the building covers the footpath.

    With a current gross rent of approximately $76,000 with tenants paying most outgoings, this represents a gross return of around 10.4% and a perfect opportunity for a savvy investor to set themselves up with a passive income stream from a solid, well-maintained building that shouldn't require a lot of ongoing maintenance. With the four seperate titles in the building, there is also the potential for the new purchaser to offer individual titles for sale in the future. Please contact Toni Spires on 0468 947 942 for more information.

    Property Highlights

    Floor Area456 m²
    Land Area719 m²
    ParkingAsk Agent
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2018918388
    Category
    Last updated  17 Apr 2024
    Map for 144-148 Nicholson Street Orbost VIC 3888

    Property Highlights

    Floor Area456 m²
    Land Area719 m²
    ParkingAsk Agent
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2018918388
    Category
    Last updated  17 Apr 2024

    Listed by

    Toni Spires
    Toni Spires
    Coast to Country Real Estate Pty Ltd
    Call
    0468 947 942

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    Property FAQs

    The listed price for 144-148 Nicholson Street Orbost VIC 3888 is $730,000.
    The floor area for 144-148 Nicholson Street Orbost VIC 3888 is 456 m².
    There is no on-site parking availability specified for 144-148 Nicholson Street Orbost VIC 3888. For more information about parking, contact the agent.
    144-148 Nicholson Street Orbost VIC 3888 is currently tenanted.
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