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23 Cooper Street, Macksville, NSW 2447

23 Cooper Street, Macksville, NSW 2447

Retail

  • Sold $715,000
  • Tue 07-Aug-18

Iconic Restaurant Investment – Est. 34 Years - Renewed 10 Years Lease

  • Macksville Chinese Restaurant
  • Prominent busy corner position
  • Entire top floor of building

  • Land Area
  • 270.00 m² (approx)
  • Floor Area
  • 282 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Oct 11, 2018

Interested in this property? Contact an Agent today

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

Sydney NSW 2000

Kieran Bourke

Iconic Restaurant Investment – Est. 34 Years - Renewed 10 Years Lease

For Sale by Deadline Private Treaty
Closing 4pm Tuesday 26 June 2018

Renewed 10 year lease to 2026
Leased to local icon “Macksville Chinese Restaurant” established 34 years at this location
Property comprises 270 sqm being the entire top floor of building
Prominent busy corner position on Cooper Street Macksville’s main thoroughfare
Macksville is part of the Kempsey LGA with a population of 29,536 (Census 2017)
Annual CPI rent increases
Easily managed single tenant investment

Net Income: $55,257 pa + GST
Indicative Yield 8%

23 Cooper Street, Macksville, NSW 2447

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