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137-139 Victoria Street Taree, NSW 2430

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For Sale - Auction

137-139 Victoria Street Taree, NSW 2430

Shop & Retail • Hotel & Leisure
Sale Price

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Land area

284.0m²

Floor area

320.0m²

Property extent

Whole

Zoning

B3 Commercial Core

Municipality

MidCoast

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$79,000
Number of Tenants
1 Tenant
Tenants / Type
Restaurant-Cafe-Bar

SUPERBLY APPOINTED RETAIL INVESTMENT

  • Modern Restaurant-Cafe-Bar
  • Long Term Secure Lease
  • Prime Main Road Position
Renovated in 2011 and leased to one of the Manning Valley's highly recommended cafe-restaurants .
The building consists of -
* 5 year lease with options until 2034
* Commencing rental $79,000 pa net + GST with the Lessee responsible for 100% of Council rates, water rates and usage, building insurance and land tax (on a single holding basis)
* Ground floor retail cafe/restaurant and bar
* Modern indoor dining
* Full commercial kitchen and cool-room
* First floor office and storage
* Alfresco dining
* External Parklet approved by local Mid Coast Council
* Further Lessee growth potential for a functions room on the first floor
* Rear lane access

Situated along Taree’s main street, the building is surrounded by well established and long term operators such as St George Bank, NAB Bank, Spotlight, Bing Lee and many other retailers and hospitality businesses.
Victoria Street has been transformed over recent years to include a fantastic mix of hospitality and retail uses.
Ample on-street parking is available and two large public carparks are within a very short walk

AUCTION 14th May 2019 10.30 am
AuctionWORKS Rooms, 50 Margaret Street Sydney

Property ID: 503172598Last Updated: 17 Jul 2019

0408 *** ***
137-139 Victoria Street
Taree, NSW 2430

Agency contacts

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Send to:

Dan Shultz
First National Real Estate Shultz - Taree
137-139 Victoria Street Taree, NSW 2430

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

Kind Regards,

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  • Dan Shultz

    First National Real Estate Shultz - Taree
    0408 *** ***