Immaculately Presented Coles Anchored Shopping Centre - 7.75% net yield

114-128 Sharp Street,Cooma NSW 2630

$11.1 million - 7.75% net yield

RetailSize: n/a
Block size: 6099 m² approx.Retail size: 4373 m² approx.
Well established Coles Supermarket on 15 year lease until March 2023 + 2 x 10 year options to March 2043



- 12 specialty shops mostly with 3.5% & 4% annual rent increases

- National brands include Commonwealth Bank, NRMA & Reject Shop

- Central 6,099 sqm CBD site with wide Monaro Hwy retail frontage
- On-site parking for 135 cars plus adjacent council car park

- Fully contained centre with in-slab floor heating & built-in temperature control
- 83,000 average monthly door count in 2017, with impressive 4.4% &
3.5% increases for preceeding 2 years

- Expansive 20,218 catchment and gateway to NSW Snowy Mountains

- Strategically positioned on main Sydney/Canberra to Thredbo/Perisher
arterial route with increasing tourist numbers

- Estimated Fully Leased Net Income: $863,520 pa + GST

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Retail
Lot:100
Plan Type:DP
Plan:1124420
Block Size:6099 (approx)
Retail Size:4373 (approx)
Stamp Duty:$716,702

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LJ Hooker Commercial Canberra

Cooma Suburb Information

 
 
Average Age
43 years
Population
6,664
Cooma Profile
Cooma Occupancy

Contact agents

LJ Hooker Commercial Canberra

LJ Hooker Commercial Canberra

View agency details
Mark ThompsonLJ Hooker Commercial Canberra
Greg LyonsLJ Hooker Commercial Canberra
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This listing has been viewed 145 times. It was first displayed on 24/09/18 and last updated on 11/12/18.