11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450
11B & 12/38 Moonee Street Coffs Harbour, NSW 2450

11B & 12/38 Moonee Street Coffs Harbour, NSW

Sold on 7 Jan 2014

Property Type Retail
Asking Price Sold
Floor Area 544 m²
Land Area 544 m²

Sold by Ljh Commercial

This single storey building accommodating two retail premises fronting Moonee Street and features sealed on site parking for 10 vehicles, having access off the rear lane.

- Total site area is approx. 544m2 and is zoned business
- Current gross annual rental income is $62,103.72 ex-GST plus car parking income
- Both tenants pay 100% of the council rates being $5,601
- Shop 11B is leased to Aroma's of India on a 4 year lease from 1 October 2013 at $29,211.96 +GST
- Shop 12 is leased on a 5 + 5year lease from 1 January 2013 to Amalfi Italian Pizzeria at $27,750 + GST ( the 5 year option has been exercised }.
- 4 of the 8 car spaces are leased for $5,141.76 +GST
- Outgoings are estimated as follows:
Land Tax: $1,200
Insurance: $1,500
Council Rates $nil - paid by tenants
Net annual income is approx $59,403, an additional $4,800 income will be generated by leasing the 4 vacant car spaces.
Approx high net return of over 9%

This investment offers potential for Investors to enjoy good capital growth as the town centre continues to strengthen.

For further details contact one of LJH Commercial's Retail Marketing Specialists:
Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Deb Grimley 0434 301 550 dgrimley@ljhcoffs.com

The only specialist commercial agency servicing The Coffs Coast.

Winners of The Major Real Estate Franchise Network Of The Year 2013.


Key Property Details

  • Disabled Access
  • Kitchen
  • Natural Light
  • Tenanted Investment
  • Vehicle Access