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75 Magellan Street Lismore, NSW 2480

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75 Magellan Street,
Lismore, NSW 2480

Offices

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$1,025,000

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Map of 75 Magellan Street

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First Class CBD Investment Opportunity

Located in the heart of the Lismore CBD, the regional centre of the Northern Rivers, "Farrelly House" is a well presented 3 storey complex comprising 4 tenancies and secure undercover parking.

On the ground floor is a retail shop which will be vacant possession. The first floor houses longstanding tenants Prime Television and SP Lawyers. Level 2 is currently occupied by the seller who has signed a new 3 year lease. The seller has stated their intention to move in the next 3 months providing the buyer with more than ample time to secure a replacement tenant whilst the rent is being paid.

With this in mind it would also suit an owner occupier looking for a superbly fitted out office suite in the heart of Lismore with supplementary income from 3 other tenants. Net Income: $118,248.75 + GST approx. (fully leased).

Please contact Marketing Agents Michael Shay or Dean Shay to request an Information Memorandum.

Property ID: 501685585Last Updated: 1 Feb 2016

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75 Magellan Street
Lismore, NSW 2480

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