Set within the bustling CBD of Taree, this tightly held strip of eight retail shopfronts sits proudly on the corner of Pulteney and Albert Streets offering high impact exposure to both motorists and passing foot traffic. This property is currently at 100% tenancy enjoying a profitable gross income of over $109,000 per annum from the six established businesses that take occupancy. Each retail space has been fully fitted out and includes individual amenities making this an attractive commercial premise to add to your portfolio. With the Council's intention to raise the height limit within the CBD area, this property also has future potential for high rise redevelopment (Subject to Council Approval).
Property Features:
- Zoned B3 Commercial Core
- 866sqm land size
- Eight separate retail shop fronts with six tenancies
- Eight uncovered parking spaces at rear for tenants
- Own amenities plus modern shared disabled toilet
- Located within a convenient 1km of Taree's finest cafes, shopping outlets and the Manning River encouraging plenty of foot traffic
More information can be obtained by contacting Amanda Tate for a copy of the Information Memorandum.
Due to be sold under the hammer on Thursday 24 February 2022 via Cooley Auctions.
ABOUT TAREE
Taree is located on the mighty Manning River - the water source that connects our beautiful townships together. The Greater Taree area is home to approximately 46,500 people with 26,000 local to the Taree City. As the major commercial centre in the Manning Valley, Taree is home to a vast array of cafes and restaurants, two large shopping complexes and plenty of boutique shopfronts and arcades to explore. Being central to a handful of holiday destinations, Taree is a short 11km drive to the beaches of Old Bar, 30km along the Pacific Highway to take a stroll along the break wall at Harrington and just 9km to the riverside heritage town of Wingham, known for its fresh and locally grown produce, natural rainforest and walking trails. The vibrant recreation facilities include the Manning Entertainment Centre, Club Taree RSL and award winning 21 hole golf course, Taree Aquatic Centre and the Regional Art Gallery.
