overview

  • Retail
  • Sold
  • 298 sqm
  • $0.00 Quarterly
  • $0.00 Quarterly
  • $0.00 Quarterly

Description

Sold by TERRY DIGGER
Excellent investment opportunity. We have two adjoining commercial properties available selling in one lot or separately being Lot 17/123-125 Fern Street and Lot 18/123-125 Fern Street, Gerringong. Listed price is $650,000 for both properties.

Situated in the heart of Gerringong's commercial hub both properties face the central commercial car parking station. Currently fully tenanted with leases in place and showing good returns.

This is a wonderful opportunity to secure one or both tightly held retail premises located in a vibrant and very popular Gerringong township.

- Retail investment opportunity
- Lot 17 Commercial bakery processing 179m2 (approx.)
- Net rental income $11,308pa incl GST after outgoings (approx.)
- Lease expiry Nov 2023 with 3 year option
- Lot 18 Bead shop 119m2 (approx.)
- Net rental income $22,844pa excl GST after outgoings (approx.)
- Lease expiry Aug 2023 with 1 year option.

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