1 & 2/8 Oak Street
Evans Head NSW 2473
- 2 Parks
$1,600,000
Prime Investment Opportunity on Oak St!
We are thrilled to present two shopfronts for sale in the heart of Evans Head, situated on the bustling main shopping street, Oak St. These properties offer a unique investment opportunity, perfect for investors wanting a long term investment in one of the most prominent locations in Evans Head. Positioned on the "Sunny Side" of the street, both buildings will be sold together and have current, long term leases in place, ensuring immediate return on investment.Property Highlights:
- Prime Location highly sought-after area with constant foot traffic and visibility.
- There is the opportunity to go up to 3 storeys high in Oak Street.
- 4 Storey development is proposed in this zoning under Council's draft placement plan.
- Dual access with two car parks located at the rear of the building for easy access.
- Oak Street is known as the heart of Evans Head, attracting both locals and tourists.
- Extra space in the Newsagency would be perfect for another business.
- The newsagency once also housed the Westpac bank at the rear of the building.
- A third income stream from a shed is leased to the Real Estate at the rear.
- Extensive Solar Power setup with 42 panels on shop 2.
Shop 1: Currently operating as a newsagency featuring a large room with a desk, bathroom, car park at the rear and a kitchenette, providing flexibility for various business types.
Lease term: 11/02/2024 to 10/01/2027
Current rent: $40,271.16(incl. GST)pa
Outgoings: Tenant pays 100% of Land council rates and charges, water sewerage and drainage rates.
Shop 2: Equipped with offices, a kitchenette, a car park at the rear and a bathroom, currently leased to a local real estate.
Lease term: 28/05/2024 to 24/05/2027
Current rent: $42,367.32(excl. GST)pa
Outgoings: Tenant pays 100% of Land rates and charges, water sewerage and drainage charges, land tax, public liability insurance and building insurance.
There is a separate lease to Shop 2 Tenant for the garage space at $5,719.92pa. The total income for Shop 2 is $48,087.42pa(excl. GST).
Land size: 473 sqm (together)
Building size:
Shop 1 is 247 sqm
Shop 2 is 142 sqm
This is your chance to secure a prime piece of real estate in one of the most desirable locations in Evans Head. Whether you're looking to expand your business portfolio or start a new venture, these shopfronts offer the perfect foundation for success. Being strata titled they could be sold off separately in future if needed. For more information or to arrange a viewing, contact us today!
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
Features
General Features
- Land Area: 473sqm
- Commercial Type: Offices
- Building Area: 389sqm
- Zoning: E1 Local Centre
- Car Spaces: 2
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Elders Real Estate Evans Head
Enquire about 1 & 2/8 Oak Street, Evans Head, NSW, 2473