Entry Level Freehold Investment Opportunity Fully Leased to Established Tenants

2 riverside drive, nambucca heads nsw

Price: Contact Agent

  • Fully leased entry level
  • Substantial 2,360 sqm corner site
  • Huge 110m Double Frontage

Property Details

For Sale by Expressions of Interest (Unless Sold Prior)
Closing 4pm AEDT Thursday 6 December 2018

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

Featured Details

Current Tenant Tenanted
Gross Building Area 1 sqm
Land Size 2,360 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003417

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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