SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

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
Gross Building Area
1 SQM

Contact Agents

Kieran Bourke

+610 417 418007

Request Information

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