Property Description
OWNERS HAVE RETIRED AND WANT OUT! OPPORTUNITY NOT TO BE MISSED, RETURN AROUND 9.5%
A rare opportunity to purchase a prominent retail premises that offers very hard to find open plan floor space in an extremely high profile Cooma CBD location. Situated fronting Bombala Street, this building commands hard to buy exposure to all coastal bound traffic heading through Cooma.
The building is being offered for sale with Pacific Furniture and Bedding being the existing tenant on a 2x2x2 lease paying $52,000 per annum + rates
Great Features of this Building are:
> High traffic flow main CBD location
> Approx 10ft high front window display, expands the entire frontage of the building
> A total of 488sqm, with approx 420sqm of internal floor space, being generally one open plan floor space, plus office / storeroom. There are 5 car parking spaces on the title
> A solid structure in excellent condition, double brick & bessar block external walls and iron pitch roof, with no known major works needed
> Bright easterly aspect allows excellent light through the whole store & large capacity wood fire
> Back to Base security system + internal security camera system
This is an outstanding high profile commercial investment property with a strong local tenant and showing strong returns for the investor. Owner has retired and wants out ASAP and is offering this property with returns around 9.5%
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