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

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

Offices Medical/Consulting Retail

  • For Sale
  • $2,400,000 GST Exempt
  • For Sale

  • Floor Area
  • 1,072 m²
  • Building
  • Whole
  • Last Updated
  • Mar 03, 2020
  • Energy Efficiency Rating
  • 0.0-star NABERS Energy Rating

Interested in this property? Contact an Agent today

LJ Hooker Commercial - Coffs Harbour

40 Harbour Drive

Coffs Harbour NSW 2450

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

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