Adem Uckan
This listing was posted on International Listings.
$2,250,000
Cliff Rd. Wollongong Property
Price:
$2,250,000
Location:
54-58 Cliff Rd, Wollongong, NSW
Description:
This property is available for sale as of 1 Dec. 2010. We are calling for expressions of interest in the above commercial property, which comprises of two shop 96 m2 each, at 54-58 Cliff Rd. Nth Wollongong, N.S.W. These are freehold properties with strata titles, for each shop.This is a unique opportunity to obtain a commercial property on this ocean front venue. It is unlikely there will ever be commercial properties offered on Cliff Rd. in the foreseeable future. These shops enjoy one of the best views of the ocean on one of the most popular streets in Wollongong. The shops have been developed into two of the most popular cafes in Wollongong, with unsurpassed views and beautifully landscaped surrounding, creating a unique ambience. The two properties have current leases, which expire in 2013. The property's both have cafes which are very profitable and enjoy the popularity of the Wollongong area, even having a reputation, as far afield as Sydney. Each shop is fitted out as independent operations, however, future development could be carried with combining the 2 shops into one. - STRATA TITLES 63 M2 inside and 33M2 outside- LEASED PROPERTIES TILL 2013, INCOME $579/m2 5 yrs. X 5yrs. Currently $58,572 P.A. PLUS GST BY END OF LEASE $62,100 P.A. PLUS GST FOR EACH SHOP- EACH SHOP HAS 63 M2 INTERIOR WITH SHOP FRONTS EXHAUST SYSTEMS AND GREASE TRAPS- EACH SHOP HAS FULLY APPROVED DEVELOPMENT APPLICATIONS IN PLACE- GOOD RELIABLE TENNANTS WITH EXCELLENT BUSINESSES IN PLACE- RARE PORPERTY, WITH FANTSTIC OCEAN VIEWS IN A TROPICAL RESORT STYLE LOCATION- FURTHER REDEVELOPMENT POSSIBLE- OUTGOINGS- COUNCIL RATES.......................$1311.39 P.A- TRADE WASTE .........................$1088.00P.A.- STARTA MANAGEMENT FEE.....$2700.00P.A. Expressions of interest should be addressed to: Mr. M. UckanP.O. BOX 1387WOLLONGONG, N.S.W. 2500
Property Type:
Single-Family Houses
Sq feet:
2,067 sq. ft.
Amenities:
View
For sale by:
Agent/Broker
Agent Name:
Adem Uckan
Posted:
March 9 on International Listings
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