Shops 1 & 2 16 Market St, Woolgoolga

Bookmark & Share

Property Features
Bedrooms 1
Bathrooms 1
Garage 3
Land Size 230 m2

Inspection Details

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.

Property Location

Contact Form

Contact agent regarding this property.

Your Details
  1. Required
  2. Required
Your Enquiry
  1. Required

    Please describe how we can be of assistance to you.

  2.  

    Would you like to join our mail list?

Submit