Shops 1 and 2 comprise modern ground floor commercial investment.
The premises is situated in a mixed commercial/residential two storey building, fronting busy Market Street, within the popular Woolgoolga CBD, and only a short stroll from the beach.
Market Street has evolved into a popular alfresco café/restaurant strip and is the location for the annual Eat Street Woolgoolga Festival.
Lessee Anchor Bar and Grill (ABG) operate a popular eating and drinking establishment in the high profile premises.
The premises enjoys an excellent, high quality modern fit out, exclusive access to 3 toilets and 3 car parking spaces. The restaurant has a strata area of 205m2 plus store of 13m2.
ABG have a 5+5+5 year lease from 21/5/18.
The current net annual rental is $72,140 plus GST plus 100% of the property's outgoings.
This prime investment enjoys the following features:
•High profile location
•Short walk from the beach
•Popular Eat Street position
•Long term lease
•High quality fitout
•Generous alfresco dining area
•Modern premises with attractive building depreciation allowances
•Attractive net return
•Affordable price range
If you've been looking for an accessibly price secure commercial investment with long term lease covenant then CALL NOW!!!
The asking price of $1.1 million shows a net return of 6.6%.
For further details contact Marketing Agents LJ Hooker Commercial
Troy Mitchell 0417 695 915 [email protected]
Louise Mitchell [email protected]
LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 [email protected]
The leading specialist commercial agency servicing The Coffs Coast.
