7 / 7 Coronation Avenue, Pottsville, NSW 2489
Last updated: 21st November 2020
Listing ID: 2350
- 4 Parking spaces
- 220.0m2 Floor area
COMMERCIAL PROPERTY FOR SALE – THRIVING LOCATION – EXCELLENT RETURN
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
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 33years). A long term lease of 3*3*3 will be in place.
The shop is within a Strata, constructed from brick with metal roof and covers a 220m2 area, including double garage/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.
4 customer onsite parking and front & back council parking available
Outgoing costs for the premises are very low
Solar electricity and low body corporate fee's along with water meters for each unit means very big savings for the Unit holders.
Pottsville is a thriving coastal village 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.
This prime located commercial property is a solid investment with solid tenant.
Net Return on Investment would be 6.5%, plus 4%per Annum Rental Increase or CPI.
Enquire today to find out more.
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