Affordable Freehold Investment Opportunity Fully Leased to Established Tenants
2 Riverside Drive , Nambucca Heads NSW
Property Highlights
Fully leased entry level
Substantial 2,360 sqm corner site
Huge 110m Double Frontage
Description
For Sale
Substantial and highly exposed 2,360 sqm corner site with huge 110 metre double frontage
Possible future residential development upside (STCA)
Convenient location close to Nambucca’s main retail strip, Bowra Street
Popular Mid-North Coast hot spot between Coffs Harbour & Port Macquarie
Riverside Motors (NRMA Service Contractor): renewed 3 year lease until Nov. 2021 plus option to 2024 (business occupied 50+ years)
Nambucca RSL: 3 year lease until April 2020 plus option to 2023
Garden Centre: 4 year lease until August 2019 plus options to 2025
Annual rent increases assuring growth
Net Income: $67,394 pa + GST
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
2,360 SQM
Building Area
1 SQM