Mogo is located around 10 km from the busy regional tourist centre of Batemans Bay and around 18 km from the administrative hub of Moruya. The town is in transition – quietly developing into what many are calling the Berry of the South Coast, perfect for people who have a long-term vision in place.

This charming tourist village attracts a steady flow of visitors, drawn to its eclectic mix of shops and services. Close by are the well regarded Foxdog Distillery and the ever-popular Mogo Zoo-both major drawcards, the pristine beaches of Tomakin and Broulee are just around 10-minute drive away.

The Clocktower Arcade is a purpose-built complex with a total floor area of approximately 1,137 sqm in size the current replacement value of the solid building would have to be at least $2,000,000 plus the land value – at the current price this looks like a solid opportunity.

The base level includes 7 lock-up storage areas, two are around 100sqm each and are currently unused, bathrooms, and a secure parking area measuring 16.6m x 13.6m-great for tenants or staff parking.

The retail area sits at street level and offers seven shops of various sizes. Shop 3 includes stair access to a mezzanine level of around 57sqm. Mogo Pies trades from the front and holds a formal lease, while the other occupied shops are leased on handshake agreements and support various artisan businesses – many tenants have been there for over 10 years.

This gives flexibility whether to maintain the current setup or take it in a different direction to suit your own situation.

The property is on one title but is individually metered for electricity. A large solar system has been installed by the current owner, with energy supplied to the shop tenants-creating a passive income stream and helping reduce power costs across the board, if a battery was added it would no doubt increase your returns.

If a group of like-minded buyers were interested in a joint purchase, this opens the door to shared ownership with individual control of the shops an option worth exploring.
Mogo is steadily gaining momentum as a destination town, with strong support from Eurobodalla Council. The rapidly developing and very popular Mogo Bike Trails are just one example-drawing riders from far and wide to explore the region’s pristine forests, why not get a group of likeminded riders together and share the base level while maintaining an income from the shops.

If you’ve got a bit of vision-or a crew that shares one this investment might be exactly what you’ve been looking for, at the asking price its currently showing a 6% return after outgoings.