7/171-173 Carrington Road Coogee, NSW 2034

Sold on 29 Sep 2017
  • Building: 68m²

Sold By

Retail in Coogee

Affordable Retail Investment with Potential

  • Building: 68m²

Situated in this highly visible and convenient location is a superb retail investment opportunity. Currently occupied by Coogee Convenience, this shop with lower level storage offers the astute investor an outstanding investment opportunity to purchase a solid long term investment property that would make the ideal addition to anyone's property portfolio.

  • Size approx 34 sqm + lower level storage approx 34sqm
  • Secure tenancy
  • Long established tenants for five years
  • Current rent of $42,480 per annum
  • Fixed 5% annual increases
  • Current lease ends in 31 May 2021 with a further three (3) years option
  • Strata $845 p/quarter and council rates $335 p/quarter.
  • Plans for renovation to increase rental space to 68sqm

This is an opportunity not to be missed.

Michael Buium 0408 385 385
Ciara O'Connor 0407 192 755

Agents in Conjunction
Raine and Horne Double Bay

Patrick Cosgrove 0407 776 764
Blake Spooner 0450 426 686