Shops 1 & 2 16 Market St, Woolgoolga
|Land Size||230 m2|
Inspect by appointment
Expressions of Interest
1 Bed 1 Bath 3 Car
Land Size: 230 m2
Prime Woolgoolga Retail - Long Lease in Place
Cardow & Partners are proud to present to the market this excellent commercial property in the thriving Woolgoolga CBD.
This amazing opportunity is too good to miss & is returning far better than bank interest.
On offer in a quality position with prime exposure is a as new commercial property operating with the existing original tenant called "Rustic Mezedes".
The business is a well renowned Woopi institution serving quality cuisine and is a very popular café/restaurant.
This Commercial property is
- Perfect for self-managed superfund or a savvy investor looking for a long term asset.
- Excellent investment opportunity with future potential.
- The building was built late 2013.
- Commercially Zoned. On offer is 2 x shops (under 2 titles) operating as Rustic Mendes.
- Highly exposed 230sqm retail area.
- Ten (10) year lease in place started 1/2014. A 5x5 set up.
- Premises also include a separate storeroom & toilet/rest room.
- Included on title is 3 car retail car park at rear.
- Adjoining council-owned car park is a bonus.
- Other tenants under existing strata are a rear Doctors Practice and 6 separate apartments above all under individual owners.
- Annual income is $79,354 inc GST per annun (See lease-Annual review with CPI or current market rent increases.)
- A Gross Return of over 6.6% approx.
- Outgoing is 60% of lettable area ground floor only & everything is paid by Tenant.
- All positioned less than 250 metres from beaches.
Woolgoolga has grown and become an extremely popular little commercial hub & exciting plans are in progress for the future.
Be quick to take advantage of this Blue Chip offering.