Positioned in a high growth area, this investment offers two tenancies on one title. For sale by Darren Jones of REAL Specialists Commercial.
Shop 3 / 47 Tweed Coast Rd in the idyllic Northern NSW locality of Cabarita Beach is now available for purchase through Darren Jones of REAL Specialists Commercial.
Source: REAL Specialists CommercialOffering 2 tenancies on one title, the property encompasses a street front retail shop and a separate office at the rear.
Tenants, Sun’s Massage and a leading residential real estate agency, are both long-term Cabarita Beach businesses.
The property is well positioned next to the Woolworths Centre and opposite the beach on Main Street, with great traffic flow and excellent exposure.
Source: REAL Specialists CommercialComprising a total of 131sqm*, the Front Tenancy is 66sqm* and the Rear Tenancy is 65sqm*.
There is a 4% annual increase on each lease. The front tenancy 3 + 3 + 3 year lease commenced on 01/09/2020, while the rear tenancy 3 + 3 year lease commenced on 01/07/2021.
Income from the two tenancies is currently $60,000 pa, plus Outgoings, plus GST.
*Approximately.
Source: REAL Specialists Commercial
To request a copy of the Information Memorandum please email the REAL Specialists Commercial marketing agent Darren Jones via the contact form below.
To view the listing or for more information click here.
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