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Shops 13, 19-24/20 Gordon Street Coffs Harbour NSW 2450

  • Offices
  • 1,253 m²
  • For Sale, $3,300,000 - $3,500,000

HIGH PROFILE CBD INVESTMENT OPPORTUNITY

    Shops 13 and 19 - 24 comprise high profile retail premises which accommodate an approximate gross leasable area of 1,253.35m2.
    Occupying a favorable corner street front position within the landmark Max Murray Mall, the shops are 70% leased.

    The existing tenants are on relatively new leases and comprise Office Choice and Mid Coast Communities, occupying a combined 887.35m2 or 70% of the total GLA. b
    The retail area occupied by Office Choice has recently been fully refurbished.
    The are occupied by Mid Coast Communities comprises high quality CBD standard offices, previously occupied by the Department of Community Services.

    The gross annual rental on a fully leased basis, including approximately $130,000 for the two unoccupied areas, is $329,408 excluding GST.

    The fully leased net annual rental is approximately $264,323 excluding GST, which equates to an approximate net annual return of 7.5% to 8%.

    Coffs Harbour's burgeoning CBD is subject to several high profile proposed developments including the CEX's high rise residential tower due to commence 2022, Coffs Central's high rise visitor hotel and Coffs Council's Civic Centre due to commence 2021.

    This prime CBD investment enjoys the following features:
    - Prime high profile CBD position
    - Substantial frontage to busy Gordon Street
    - Corner Park Lane location
    - Approximately 50 metres to the prime retail trading strip along Harbour Drive
    - Proposed 80 room hotel some 50 metres away on the corner of Gordon Street and Harbour Drive
    - Secure investment anchored by Office Choice and Mid Coast Communities
    - New leases
    - High net return

    If you've been seeking a to secure a prime commercial investment in Coffs Harbour's burgeoning CBD then CALL NOW!!!

    The asking price shows a fully leased NAR of 7.5% to 8%.

    For all further investment details contact Marketing Agents LJ Hooker Commercial Coffs Harbour:

    Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
    Deb Grimley 0434 301 550 dgrimley@ljhcoffs.com

    LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 coffsharbour@ljhc.com.au

    The leading specialist commercial agency servicing The Coffs Coast.

    Troy Mitchell
    LJ Hooker Commercial Coffs Harbour
    Troy Mitchell
    LJ Hooker Commercial Coffs Harbour

    Property Highlights

    Property ID2016873339
    Floor Area1,253 m²
    Land AreaAsk Agent
    EnergyAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  31 Aug 2021
    Map for Shops 13, 19-24/20 Gordon Street Coffs Harbour NSW 2450
    Map for Shops 13, 19-24/20 Gordon Street Coffs Harbour NSW 2450Shops 13, 19-24/20 Gordon Street Coffs Harbour NSW 2450
    Troy Mitchell
    LJ Hooker Commercial Coffs Harbour
    Troy Mitchell
    LJ Hooker Commercial Coffs Harbour

    Property Highlights

    Property ID2016873339
    Floor Area1,253 m²
    Land AreaAsk Agent
    EnergyAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  31 Aug 2021
    LJ Hooker Commercial Coffs Harbour
    40 Harbour Drive Coffs Harbour NSW 2450
    Troy Mitchell
    LJ Hooker Commercial Coffs Harbour
    Troy Mitchell
    LJ Hooker Commercial Coffs Harbour
    Troy Mitchell

    Troy Mitchell

    LJ Hooker Commercial Coffs Harbour

    0417 *** ***
    0417 695 915

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