179 Rose Avenue
Coffs Harbour NSW 2450
3 Bed • 2 Bath • 1 Car • House
Join the smart investors when you buy this property positioned on the northern city growth corridor of Coffs Harbour linking the Park Beach Plaza to the CBD and Justice Precinct. Currently let to an A1 tenant (head office of a Family Daycare business), the dwelling has undergone refurbishment in recent years and presents in excellent condition inside and out. The current configuration provides multiple rooms with 2 front access points. A large kitchen and meals area, 2 bathrooms, 3rd toilet plus a laundry, second kitchenette and front and rear covered verandas. Sited on a level 765m2 block with off-street parking, the backyard features an additional utility / storage room and a large all weather activity area. With the current volatility of the stock market and bank term deposits earning in the vicinity of 1%, this is a smart bricks and mortar investment opportunity returning 5% net with a reliable tenant already in place. Key features include: 3 + 3 year lease (commencement date 11 February 2019) Rent $40,300 per annum with a 5% increase on each review date Tenant pays 100% outgoings Security deposit of $10,000 forms part of the lease No GST (sale of going concern with existing tenant) Zoned B6 Enterprise Corridor - suited to medical, financial and legal services Located between doctor's practice and orthopaedic medical centre High exposure location Dwelling size 150m2 excluding verandas and outbuildings Land size: 765m2 (approx.) - Rates: $3,310pa (approx.)
By submitting your message, you agree to our Privacy Policy.
*Indicates a required field