Mulit-Purpose Commercial Property Returning 8% Nett - Wow! Wow, what a brilliant investment choice - a multi-purpose commercial site, tenant number one in place offering 8% nett return and, there's more land and infrastructure to lease out to a second and possibly third tenant - so yes, there's opportunity for massive returns.
Investors, this deserves your attention!Business operators, this also deserves your attention - you may just have a business that could operate here with/without the current current tenant (either way, this is a cheap way to get a 'big' slice of commercial real estate smack bang in the centre of Kempsey!).
Commercial Land In CBD + House - 1,976sqm It's perfect - a home set back on the block off the road (rented for $250 per week) and a large patch of commercial land in front ready to build on and establish your own business or commercial premises to rent out!
Located on the main shopping strip, close to Bunnings, where everyone can find you easily - this is the perfect site to establish a business.
High street exposure and easy access and parking is easily available.
The lovely big level 1,976sqm block is ready to build on now.
This is a great chance to acquire your own commercial land (Zoned B3 Commercial Core) and get out of the...
Tenant: Repco Occupied Since 1989. Automotive Retail Giant. 6 year lease to October 2019 plus 6 year option until 2025. Repco: Australiasia's leading provider of automotive part and accessories, 400 stores and growing. First time offered in 27 years. Prime 523 sqm site with 12.7 metre retail frontage. Proven CBD position central amongst Woolworths, Subway, ANZ and IGA. Kempsey: commercial heart of Macleay River Valley region, 50 km north of Port Macquariee, trade catchment circa 30,000. Tenant pays all usual outgoings as per the lease. Net Income: $36,594 pa + GST (as at Oct. 2016, assume 1.75% CPI).
10 Year Lease Plus Options to 2040. To Woolworths Limited. 10 yr lease exp. 2020 + 4 x 5 yr options to Woolworths for renovated 631 sqm 'Drive Thru' BWS. Also new 3 + 3 year leases in adjoining 400 sqm incl. ASX listed Gowing Bros. Adjacent to Kempsey Central Shopping Centre incorporating Coles, Target and 12 speciality shops. Highly successful and strong trading BWS. On-site parking for 5 vehicles. Kempsey is part of the rapidly growing Hastings Region. Net Income: $133,985 pa + GST (est at 1/11/14 post CPI increase). Indicative Price: $1,500,00 (Circa 9%).
Convenience plaza with holding income INVESTMENT HIGHLIGHTS
Investment/value add opportunity
Surrounded by a plethora of complementary uses
Excellent access & Council car parking provisions
Site area of 1,673 sqm* and 970 sqm* of net lettable area
For sale on the instructions of the Receivers and Managers
CBD Retail Arcade with Upside. Circa $1M: Well Below Replacement Value. Landmark 'Centrepoint Arcade' - comprising 12 ground floor retail tenancies and a first floor gym. Major value add opportunity â?? potential investor/development upside (STCA). Diverse mix of tenants including jeweller, takeaway food, cafe and Williams Shoes; national retailer with over 120 stores. With a Gross Regional Product of $12.16 billion Kempsey LGA forms part of the Mid North Coast region which boasts a population of 259,000 expected to grow to 277,450 by 2021. Central CBD 2,873 sqm site surrounded by IGA, Aldi, Coles & Woolworths supermarkets. Excellent main street exposure as well ...