This modern freestanding purpose built supermarket building is subject to a long term lease as Woolgoolga’s IGA.
The building occupies a prime retail location in Woolgoolga CBD and has long been the home of convenience shopping.
The building was completed in 2005 and occupies an approximate area of 1,517m2.
The building is subject to a ten (10) year lease with 3 x 5 year options and trades as an IGA Supermarket.
The approximate net annual rental is $350,000 plus gst.
The lessee pays 100% of the property’s outgoings.
Woolgoolga CBD is a tightly held commercial centre and the opportunity to secure such a prime retail investment is one not to be missed.
The prime investment enjoys the following features :-
- Quality tenant
- Long term lease
- Prime retail location
- Modern building with tax depreciation benefits
- Attractive net return
- Perfect for SMSF
Asking Price :- $4.65mil (7.5% net annual return)
There is an obvious shortage of investments of this quality so CALL NOW !!!
For further details contact exclusive marketing agents LJH Commercial Coffs Harbour
Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Deb Grimley 0434 301 550 dgrimley@ljhcoffs.com