Tenancy 1 UNIT 8, 14-20 NICHOLSON STREET, Coburg, VIC 3058

For Sale POA
Retail
Description

BE QUICK AND AGILE TO SECURE THIS INVESTMENT

Retail - Coburg VIC

  • Shop & Retail
  • Showrooms & Large Format Retail
  • Medical & Consulting

Power Commercial are pleased to offer this versatile showroom/retail Investment, commanding a prominent position with main road exposure Tenancy 1 situated on the corner of Moore Street with a combined frontage of over 25 metres and well serviced by public Transport facilities adjoining IGA Supermarket and other retail, office & cafe operators.
Coburg remains a growth suburb only 7 Kilometer’s from the CBD
* Building area 202 sqm
* Current rental $58,493 p/a plus Outgoings
* Tenancy occupied since 2016, recently renewed option
* 5 year + 5 year Lease
* Fixed annual increases
* 1 Car Park allocated
The tenancy is situated at the base of a substantial mixed use development which incorporates 198 apartments and a further 7 retail/commercial Units.
A mixture of Residential/Commercial and Retail with Industrial uses surround the property
For further details or an inspection contact
Claudio Gastaldello 0418 389 421

Property Features
  • Retail
  • Land is 202 m²
  • Floor Area is 202 m²
  • Car Spaces
Commercial Features
Highlight 1

HIGH EXPOSURE

Highlight 2

CORNER LOCATION

Highlight 3

NET RENTAL INCOME STREAM

Zone

COMMERCIAL 1