SOLD

84 Nicholson Street, Orbost Victoria 3888

Tenanted Investment

Property Type Retail & Office
Zoned Commercial C1Z
Gross Income $33,175 per annum plus GST
Tenant (2) Leased to Licensed Post Office & Far East Victoria Landcare Inc.
NLA 285 sqm (approx)
Land area 931 sqm (approx)
Parking Sealed carpark at rear
Selling Method Auction 16/06/2023
Venue Club Eastwood 117 Great Alpine Road, Lucknow
Online Registration required prior to Auction.

PRIME COMMERCIAL INVESTMENT IN STRONG RURAL TOWN

LJ Hooker Bairnsdale Commercial is pleased to present 84 Nicholson Street, Orbost for sale by public Auction (not the Business therein).

This is a rare opportunity to secure an iconic building as a Leased Investment. Constructed in 2008 as a replica of the original Post Office built in 1898, this property is situated on the prominent location of Nicholson Street near NAB, Foodworks, Hardware & Timber and other services and eateries.

Property Features:
Open plan retail space with back of house storage area.
Prominent corner block
Kitchenette and restrooms with disabled access
Reverse cycle split system air- conditioning
Secondary leased office area
Rear carpark

Lease information
Tenancy 1: 5-year lease to 2026, fixed 3% increases, market rent review at option.
Tenancy 2: 5-year lease to Feb 2024
All outgoings included in gross rent.

Deposit: 10% on day of Auction
Settlement: 45 days
Contacts: Dennis Hall 0429 111 085 or Steven Holmes 0408 524 892

Disclaimer: While reasonable care is taken to help ensure the contents of this document are correct at the time of publication, the opinions, estimates, forecasts and information given in this document or otherwise by the Vendor and its affiliates or L J Hooker Bairnsdale Commercial are to be used as a guide only and do not constitute advice given of any kind (including investment, tax or legal advice) or any offer or contract. Prospective purchasers must rely on their own enquiries and investigations. The Vendor and Agent do not warrant or represent that the information contained in this document is complete or accurate. Prospective purchasers should obtain independent advice to assist them in making their own decisions and assessment appropriate to their circumstances. The Vendor and Agent assume that any person who reads or uses this document is capable of evaluating the merits and risks of any investment or other decision with respect to a property transaction, its suitability and its financial, taxation, accounting and legal implications without any reliance on this document.