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Tea Gardens
166 Myall Street

For Sale

Coastal Investment with Development Upside

For Sale by Expressions of Interest Closing 31 October 2019 at 4:00pm

- Tea Gardens and Hawks Nest, gateway to the Myall Coast and Port Stephen’s Blue Water Wonderland
- 10 minutes* from the Pacific Highway
- Surrounding Great Lakes offers 145km of stunning coastline and impressive waterways
- Great lifestyle including beaches, boating, fishing, sporting, cafes and restaurants and award winning schools

Property Features:
- Affordable entry level investment
- Includes approved DA plans to develop a three bedroom apartment above the commercial space
- Good exposure in popular retirement and holiday destination
- Fully leased by long term tenant and returning $26,375* per annum net
- Commercial shopfront fitout includes main trade area with additional storage room, staff area, kitchen and amenities
- On-site car parking at rear

The property comprises of a freestanding commercial building, currently occupied by a local hairdresser with an excellent trading history having been in occupation for in excess of 10 years. The property is constructed of full brick with metal roofing and features on-site car parking at the rear. Highly exposed to the main road into and out of Tea Gardens / Hawks Nest, the property is a short distance to the Myall River and once constructed, the upstairs residence would be equally suited to permanent or holiday rental.

*approximately

Property Id44741100095
Property TypeOffice only
StatusFor Sale
CityTea Gardens
Postcode2324
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Features

Matt Kearney
Partner | Commercial

0427 921 206

matt@commercialcollective.com.au

Brad Crouch
Sales & Leasing Executive

0411 343 768

brad@commercialcollective.com.au

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