Commercial Property Investment

Gerrinjgong NSW 2534 Australia

Description

Four (4) Retail Shops + Apartment with OCEAN VIEWS

PROPERTY ID: ML 3120

Excellent Tenants & ROI

LOCATION: SOUTH COAST, New South Wales, AUSTRALIA 

This excellent property is located in the heart of a coastal town.  With excellent exposure and visibility it is only a short walk to the beach. Tourists visit the town for its stunning beaches to enjoy swimming, surfing and fishing, and its lovely restaurants and cafés. Also two vineyards in the area producing award-winning wines, one with cellar door sales, attracts tourists to the area.

THE PROPERTY

This unique property features a luxury penthouse residence/apartment on the upper level of four (4) excellent retail shops. The penthouse, which spreads over two floors of approximately 686m2, has spectacular panoramic ocean views. Features include 3 bedrooms, 2 bathrooms, sauna, 10m lap pool, theatre room, grand piano area, gourmet kitchen, extensive outdoor terrace, barbecue area, five flat screen TVs throughout and private lift access. Currently, offered for short term lease to tourists (daily/weekly or monthly terms), it offers investors the opportunity to convert it to 2 or 3 serviced apartments (STCA).

The commercial retail shops with quality fit-outs and exposure in a high traffic area are with long leases and excellent incomes. It adjoins the Council Reserve and Car park, an amenity essential for retail businesses such as the restaurants and cafés.

This property offers the astute investor excellent ROIs with high capital growth potential or a luxurious residence with superb income.

Features of the commercial shops and are:
– Quality fit-out
– In a high traffic area
– 4 separate leases
– In high tourist volume destination
– Panoramic ocean views
– Close to Council car park

Subject to Council approval, the residence can be converted to a serviced apartment, am income producing asset.

REGISTER YOUR INTEREST FOR A COPY OF INFORMATION MEMORANDUM (IM)

 

Property Documents

Detail

Updated on August 20, 2020 at 5:11 pm

  • Property ID: ML-3120
  • Property Type: Commercial Properties

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