This prime CBD investment property comprises three adjoining buildings, which occupy one of the few remaining landmark future redevelopment sites in the burgeoning Coffs Harbour CBD.
Positioned on the high profile corner of Grafton Street and Park Avenue, the property is situated directly opposite Woolworths and enjoys prominent highway exposure.
The property occupies a favourable somewhat elevated position on the south eastern corner of the busy traffic controlled intersection, within the popular eastern CBD precinct.
The property is strategically positioned for future redevelopment as detailed within a Town Planning consultant’s report prepared by Bennell and Associates dated November 2014.
This multi-tenants mixed commercial investment consists of 10 tenancies, including national companies Xerox, Radio Rentals and The Cheesecake Shop.
The approximate gross annual rental on a fully leased basis is $241,891 excluding GST.
Passing rentals are in line with prevailing market rentals.
There is only one vacancy which is a first floor office suite which became available for lease recently.
The approximate gross leasable area is 1,028m2.
The leases include a mixture of 1, 2 3 and 5 year leases.
Generous onsite car parking is available with access off Studio Lane.
The site enjoys an approximate frontage to Grafton Street of 22 metres, an approximate frontage to Park Avenue of 50 metres, and an approximate frontage to Studio Lane of 13 metres.
Total site area is some 860m2.
The land is zoned Business City Centre Core under Coffs Harbour LEP 2013.

This prime investment opportunity enjoys the following features:

- Strategic CBD holding
- Attractive future redevelopment potential
- High profile corner position
- Substantial combined frontages
- Quality tenancy mix
- Secure multi-tenanted investment

For all further details including a copy of the Information Memorandum, contact:

Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
LJ Hooker Commercial Coffs Harbour

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