Coffs Professional Centre, Shop 11B & 12, 38 Moonee Street,
Coffs Harbour, NSW 2450

This single storey building accommodating two retail premises fronting Moonee Street and features sealed on site parking for 10 vehicles, having access off the rear lane.

- Total site area is approx. 544m2 and is zoned business
- Current gross annual rental income is $62,103.72 ex-GST plus car parking income
- Both tenants pay 100% of the council rates being $5,601
- Shop 11B is leased to Aroma's of India on a 4 year lease from 1 October 2013 at $29,211.96 +GST
- Shop 12 is leased on a 5 + 5year lease from 1 January 2013 to Amalfi Italian Pizzeria at $27,750 + GST ( the 5 year option has been exercised }.
- 4 of the 8 car spaces are leased for $5,141.76 +GST
- Outgoings are estimated as follows:
Land Tax: $1,200
Insurance: $1,500
Council Rates $nil - paid by tenants
Net annual income is approx $59,403, an additional $4,800 income will be generated by leasing the 4 vacant car spaces.
Approx high net return of over 9%

This investment offers potential for Investors to enjoy good capital growth as the town centre continues to strengthen.

For further details contact one of LJH Commercial's Retail Marketing Specialists:
Troy Mitchell 0417 695 9... tmitchell@ljhcoffs.com
Deb Grimley 0434 301 5... dgrimley@ljhcoffs.com

The only specialist commercial agency servicing The Coffs Coast.

Winners of The Major Real Estate Franchise Network Of The Year 2013.