5A and 5B Reibey Street, Ulverstone presents two adjoining strata titled shops located on the main street of Ulverstone, close to major retailers such as Woolworths, Coles, Dimmeys, Reject Shop and many more local and national retailers and service providers. Many long-standing and successful businesses are located in the immediate vicinity, with little turnover of business and shop vacancies in the area compared to other townships on the North West Coast.
The properties are offered for sale individually or in one line, subject to current leases:
5A Reibey Street - Leased to Leven Traders until 16 August 2018, with a further two year option and a signage licence to Claude Neon - Leven Traders in occupation approx. 12 years.
5B Reibey Street - Leased to Island Care (Tasmania) Ltd until 17 November 2018, with a further five year option. Island Care completed a full refurbishment and fit out of their tenancy in early 2014.
Fully leased assets with excellent exposure to Reibey Street and in particular of this size and quality are rare to the market and tightly held.
This location within the retail heart of Ulverstone will certainly appeal to those looking for commercial investment properties that are well located within a popular and well tenanted retail strip location.
- Strong retail strip shop location with limited vacancy
- Offered for sale individually or in one line
- Highly affordable investment
- Fully Leased to Island Care, Leven Traders & Claude Neon
- Total Land area: 669 sqm (approx)
- Total Passing income $52,522.04 per annum (approx)
To inspect this property or receive additional information, please contact Nicholas Bond of Knight Frank.
