Equinox, 29/87 Ocean Parade,
Coffs Harbour, NSW 2450

Shops & Retail • Offices • Showrooms & Large Format Retail

Key property information

Floor area

Car spaces

Tenure type

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Map of Equinox, 29/87 Ocean Parade

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SOLD BY MATT O'GAREY 0423 790 525

Anchored with a 5 x 5 year lease until Sep 2020 with an additional 5 year option, this modern commercial shop presents an outstanding opportunity to secure a fully let premises in a hot spot location.
Boasting a net return of $36,934.20 per annum, equating to a capitalised range of 6.4 - 6.7%, with the tenant paying 100% of outgoings.
This is a rare opportunity to purchase a modern, fully let. commercial shop positioned in an enviable, 'across the road from the beach' location. Combine the sought after location with quality, surrounding residential developments to appreciate that this is an exceptional investment strategy and ideal for a SMSF.
Outstanding Features:
• 128m2 of GLA including shop, dedicated alfresco, storage locker and 2 x car spaces.
• Full strata lot entitlements to all Equinox facilities including tennis court
• Sought after location in fully let beachfront 'Equinox' building
• Net return of $36,934.20 annual 3% increase to take effect 1st September, 2019.
• Prominent beachside corner location
• 2 x secure car spaces
• Modern ground floor premises

IM and additional information is available by contacting exclusive agent - Matt O'Garey 66500 655 / 0423 790 525 / matt@nolanpartners.com.au

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Coffs Harbour, 2450 demographic data

The median household income for Coffs Harbour is $1,231, 14% lower than Regional New South Wales's household income of $1,434. Coffs Harbour has a similar age profile compared to the rest of Regional New South Wales (median age 43). Property ownership data shows 41% of property owners in Coffs Harbour have a mortgage.

27,089

Population

$1,231 per week

Median household income

43 years

Median age

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Most residents

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