1 Easther Crescent,
Coconut Grove, NT 0810

Shops & Retail

Price information

Sold

$1,300,000

Key property information

Land area

Floor area

Zoning

Tenure type

Sold on

Map of 1 Easther Crescent

Directions

Blue Chip Location on Bagot Road

1 Easther Crescent, Coconut Grove represents an exceptional opportunity to secure a prime corner site situated on the very busy Bagot Road. The site on Bagot road sits directly opposite the Jape Homemaker Village and is a highly visible site and has a total land area of 1,280sqm. The site has two cross-overs with the access off of Bagot and an exit on to Easther Crescent.

The property has been leased as a KFC restaurant with an associated drive thru for over 35 years and it is the first time it has been offered to the market for sale.

The improvements were constructed on or around 1982 and are still quite functional and obviously work well as a fast food restaurant and take away.

The property is zoned C - Commercial and while it its highest and best use is currently as a restaurant and associated drive-thru it also has a multitude of potential future redevelopment options.

The property is securely leased to KFC until January 31st, 2018 at an annual net rental of $115,166.

Contact: Matthew Knight - 0413 058 0... or Cameron Arnott - 0448 882 399

Property ID: 502339742Last Updated: 2 Feb 2018

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