Shops 1 & 2/16 Market Street Woolgoolga, NSW

Shops 1 and 2 comprise modern ground floor commercial investment.

The premises is situated in a mixed commercial/residential two storey building, fronting busy Market Street, within the popular Woolgoolga CBD, and only a short stroll from the beach.

Market Street has evolved into a popular alfresco café/restaurant strip and is the location for the annual Eat Street Woolgoolga Festival.

Lessee Anchor Bar and Grill (ABG) operate a popular eating and drinking establishment in the high profile premises.

The premises enjoys an excellent, high quality modern fit out, exclusive access to 3 toilets and 3 car parking spaces. The restaurant has a strata area of 205m2 plus store of 13m2.

ABG have a 5+5+5 year lease from 21/5/18.

The current net annual rental is $72,140 plus GST plus 100% of the property’s outgoings.

This prime investment enjoys the following features:
• High profile location
• Short walk from the beach
• Popular eat street position
• Long term lease
• High quality fitout
• Generous alfresco dining area
• Modern premises with attractive building depreciation allowances
• Attractive net return
• Affordable price range

If you’ve been looking for an accessibly price secure commercial investment with long term lease covenant then CALL NOW!!!

The asking price of $1.1 million shows a net return of 6.6%.

For further details contact Marketing Agents LJ Hooker Commercial

Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Louise Mitchell lmitchell@ljhcoffs.com

LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 coffsharbour@ljhc.com.au

The leading specialist commercial agency servicing The Coffs Coast.