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Shops 13, 19-24, 20 Gordon Street, Coffs Harbour, NSW 2450

Shops 13, 19-24, 20 Gordon Street, Coffs Harbour, NSW 2450

Offices Retail Medical/Consulting

  • For Sale
  • $3,300,000 - $3,500,000
  • For Sale

  • Floor Area
  • 1,253 m²
  • Building
  • Whole
  • Last Updated
  • Mar 17, 2021

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 13 and 19 - 24 comprise high profile retail premises which accommodate an approximate gross leasable area of 1,253.35m2.
Occupying a favourable corner street front position within the landmark Max Murray Mall, the shops are 70% leased.

The existing tenants are on relatively new leases and comprise Office Choice and Mid Coast Communities, occupying a combined 887.35m2 or 70% of the total GLA.
The retail area occupied by Office Choice has recently been fully refurbished.
The are occupied by Mid Coast Communities comprises high quality CBD standard offices, previously occupied by the Department of Community Services.

The gross annual rental on a fully leased basis, including approximately $130,000 for the two unoccupied areas, is $329,408 excluding GST.

The fully leased net annual rental is approximately $264,323 excluding GST, which equates to an approximate net annual return of 7.5% to 8%.

Coffs Harbour's burgeoning CBD is subject to several high profile proposed developments including the CEX's high rise residential tower due to commence 2022, Coffs Central's high rise visitor hotel and Coffs Council's Civic Centre due to

Shops 13, 19-24, 20 Gordon Street, Coffs Harbour, NSW 2450

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