5 - 7 Macquarie Street
Cowra NSW 2794
$1,100,000
Long Term Retail Investment Opportunity!
Elders Emms Mooney is privileged to offer 5-7 Macquarie Street, Cowra.A potential 'Blue Chip' commercial investment opportunity in Central West NSW.
Key features include:
• Secure gross return of approx. 7.16% per annum
• Long term established tenant 'The Salvation Army' with over 20 years of occupancy
• Recently renewed 5 year lease with two (2) further five (5) year options till February 2040
• Gross income of $78,786.88 (exclusive of GST) per annum with a fixed 3% annual rent increase ensuring growth on return
• Outgoings: council rates approx. $5,624 per annum & insurance approx. $6,000 per annum
• Future development potential with approx. 1,635m2 of land in the CBD
• Substantial 40m of Macquarie Street frontage & rear lane access via Doust Lane
• Continue to lease as a whole or potential of splitting into four separate tenants in the future
• Cowra is a critical crossroad location in the Central West for major transportation routes leading to Sydney, Canberra, Orange & Bathurst
Title details:
Lot B DP 410659
Lot 6 DP 1950
Lot 5 DP 1950
To request a copy of the contract of sale, book your inspection, or learn more information, contact Adam Gambrill 0417 533 453 or Caley Mok on 0437 007 303.
*approximately
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it.
Features
General Features
- Land Area: 1,635sqm
- Commercial Type: Retail
- Building Area: 1sqm
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Elders Emms Mooney
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