75 Magellan Street,
Lismore, NSW 2480
Offices
Price information
Sold
$1,025,000
Key property information
Land area
Floor area
Car spaces
Tenure type
Sold on
Map of 75 Magellan Street
First Class CBD Investment Opportunity
Located in the heart of the Lismore CBD, the regional centre of the Northern Rivers, "Farrelly House" is a well presented 3 storey complex comprising 4 tenancies and secure undercover parking.
On the ground floor is a retail shop which will be vacant possession. The first floor houses longstanding tenants Prime Television and SP Lawyers. Level 2 is currently occupied by the seller who has signed a new 3 year lease. The seller has stated their intention to move in the next 3 months providing the buyer with more than ample time to secure a replacement tenant whilst the rent is being paid.
With this in mind it would also suit an owner occupier looking for a superbly fitted out office suite in the heart of Lismore with supplementary income from 3 other tenants. Net Income: $118,248.75 + GST approx. (fully leased).
Please contact Marketing Agents Michael Shay or Dean Shay to request an Information Memorandum.
On the ground floor is a retail shop which will be vacant possession. The first floor houses longstanding tenants Prime Television and SP Lawyers. Level 2 is currently occupied by the seller who has signed a new 3 year lease. The seller has stated their intention to move in the next 3 months providing the buyer with more than ample time to secure a replacement tenant whilst the rent is being paid.
With this in mind it would also suit an owner occupier looking for a superbly fitted out office suite in the heart of Lismore with supplementary income from 3 other tenants. Net Income: $118,248.75 + GST approx. (fully leased).
Please contact Marketing Agents Michael Shay or Dean Shay to request an Information Memorandum.
Property ID: 501685585Last Updated: 1 Feb 2016
75 Magellan Street
Lismore, NSW 2480
LJ Hooker - Ballina89 River Street
BALLINA, NSW 2478
BALLINA, NSW 2478
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2/793 Ballina Road,Goonellabah, NSW 2480 22300 m²Warehouse, Factory & Industrial • Offices
