7 / 7 Coronation Avenue, Pottsville, NSW 2489
Last updated: 14th May 2022
Listing ID: 2350
- 5 Parking spaces
- 220.0m2 Floor area
COMMERCIAL PROPERTY FOR SALE – THRIVING LOCATION – OFFERS CONSIDERED OVER $1,800,000.00 - WITH LEASE OR VACANT
Phone enquiries - please quote property ID 16251.
Freehold commercial shop situated in the main hub of Pottsville, just 250m from the Creek & Beach. Pottsville is the 3rd Fastest Growth area in NSW. We are now being dubbed the New Byron Bay.
Huge tourist area
Sound Tenant or Empty Premises to relocate your Own Business.
There is no Retail space in Pottsville to rent or buy, so very Exclusive property.
Pottsville Beach is one of the many beaches located on the Tweed Coast. The coast is famous for its beaches, surfing, fishing, reserves, and beachside parks. The creeks and estuaries around Pottsville are great for canoeing, fishing, and swimming, especially with children.
Located east of Mount Warning, Pottsville offers a variety of mainly budget accommodation including caravan parks, cabins, holiday flats, and motels, and a number of Aiur B&B's. Boat launch ramps are available at Pottsville and Hastings Point and Mount Warning and Nightcap National Parks are about 40 kilometers away.
This commercial property for sale is part of a strata title with two other adjoining shops. Currently tenanted with successful Hardware/Mixed Business (same owner for over 35years). A long-term lease of 1yr remaining *3*3 options will be in place, or you can buy the premises outright empty, ready to create your own business. The current rental in place includes outgoings to shop.
The shop is within a Strata, constructed from brick with metal roof, and covers a 220m2 area, including a double garage/storage area. Currently looking at re-doing the garages & adding an upstairs office/storage area. It includes an undercover exclusive use area on entry for display + double garage/storage. This display area could be built on in the future offering further development and opportunity. The shop has front and rear access along with a rear loading dock. The shop adjoins the side access (this could be sold off to current unit owners for development, or all owners could be a part of a co-development of the area & on-sell the finished premises). Note: there are already 2 residential units upstairs above the complex, which have their own access.
Five customer onsite parking and front & back council parking are available
Outgoing costs for the premises are very low.
Solar electricity and low body corporate fees along with water meters for each unit mean very big savings for the Unitholders. Similar property in the area currently renting for around $2500 per week plus outgoings.
Pottsville is a thriving coastal town with all amenities including 2 primary schools, IGA, FoodStore, Medical centers, Community Centers, Ambulance Station, Fine Dining Restaurants, and much more, and is set for a massive expansion over the next few years. It is only 20 minutes drive to Coolangatta airport, 25 minutes to Byron Bay, and 1.5 hours to Brisbane CBD.
Pottsville has been classed in the top five desired places in Australia to live, especially with Covert, it has boomed. The current tenants are classed as an essential business and have not closed over the pandemic, so rental returns have been very sound.
This prime located commercial property is a solid investment with a solid tenant or empty.
Net Return on Investment would be 7.5% approx, plus 4%per Annum Rental Increase or CPI.
Enquire today to find out more.
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.