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Shop 19-24, 20 Gordon Street Coffs Harbour, NSW 2450

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Shop 19-24, 20 Gordon Street,
Coffs Harbour, NSW 2450

Offices • Medical & Consulting • Shop & Retail

Price information

Sale

$2,400,000 GST Exempt

Key property information

Floor area

Property extent

NABERS

Map of Shop 19-24, 20 Gordon Street

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HIGH PROFILE CBD INVESTMENT OPPORTUNITY

Shops 19 to 24 inclusive comprise high profile retail premises which accommodate an approximate gross leasable area of 1,072m2.
Occupying a favourable corner street front position within the landmark Max Murray Mall, the shops are mostly fully leased.

The existing tenants are on relatively new leases and comprise Office Choice and Mid Coast Communities, occupying a combined 731m2 or 68% of the total GLA.
The retail area only recently vacated by national retailer Dick Smith is 237m2 plus mezzanine of 104m2.
The gross annual rental on a fully leased basis, including say $81,500 for the vacant area, is $251,703.
The fully leased net annual rental is approximately $189,807 plus GST which equates to an approximate net annual return of 8%.

This investment enjoys the following features:
- Prime high profile CBD position
- Substantial frontage to busy Gordon Street
- Corner laneway location
- Some 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 3+3 year leases
- High net return
- High regional growth centre

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

The asking price of $2,400,000 shows only $2,238/m2 GLA or a fully leased NAR of 8%.
For all further investment details contact Marketing Agents LJ Hooker Commercial Coffs Harbour today.

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.

Property ID: 503413626Last Updated: 1 Feb 2020

0417 *** ***
Shop 19-24, 20 Gordon Street
Coffs Harbour, NSW 2450

Agency contacts

LJ Hooker Commercial - Coffs Harbour
LJ Hooker Commercial - Coffs Harbour
40 Harbour Drive
COFFS HARBOUR, NSW 2450
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Troy Mitchell

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Troy Mitchell
LJ Hooker Commercial - Coffs Harbour
Shop 19-24, 20 Gordon Street Coffs Harbour, NSW 2450

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Troy Mitchell

    Troy Mitchell

    LJ Hooker Commercial - Coffs Harbour
    0417 *** ***