242 Hoskins Street Temora NSW 2666
- 360 m²
- For Sale, Expressions of Interest
Iconic commercial building in prime retail location
Opportunity for the astute Investor/Developer. Built when properties were built to last, the John Meagher & Co Building North is one of Temora most iconic buildings. Built-in the early 1900s this building is a statement of Temora's CBD. Portioned into 3 stories this building has abundant floor space.
The main floor is also known as Paleface Arcade named after Temora's famous Paleface Adios racehorse. This is tenanted via multiple commercial long term tenants including, Kurrajong Waratah, Cut & Run Hairdressers & Remedial massage tenants just to name a few. There are currently 5 commercial spaces with potential to expand this to 8 commercial spaces. Shops 5& 6 which have only recently been vacated are in prime retail position for Temora shoppers.
This property shows an impressive return with 3 spaces currently lease at present returning $47,709.79 per annum secure until Feb/March 2022 and a potential return of $62,581.79+ P/A once fully tenanted base on previous tenancy rates.
The Basement is a blank canvas & a massive space with access via the rear of the building. This space has been used previously as a function and events centre & could be leased as this style of space in the future. The basement also lends itself to a secure and beautiful spot for an art studio or Craftsmanship workspace.
The Loft is a large open room sitting at the top floor of the building. This vast space opens itself up to many options. Potential tenants could enjoy overlooking the centre block of the main street. This space would make for an ideal rooftop bar, brewery restaurant or even be converted into a luxurious residence STCA.
With ample parking at the rear, this property has it all.
In the heart of the NSW agricultural belt, Temora Shire is a sanctuary rich with heritage and resources. From golden beginnings to high flying achievements, Temora has spread its wings to become more than just another country town. Well known for its internationally acclaimed aviation museum in a district of agricultural excellence, Temora is always reaching for the sky. With its reputation as the state's "friendliest town",
Temora is located approximately 90km north of Wagga Wagga in the Riverina region of NSW. It is situated on the Burley Griffin Way linking Canberra and Griffith which provides Temora with excellent access to major population centres of eastern.
Expressions of Interest close Thursday, Feb 27th (Unless Sold Prior)
*Building size is an approximation.
|Floor Area||360 m²|
|Land Area||818 m²|
|Annual Return||Ask Agent|
|Last updated||22 Jan 2020|