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1 & 2/8 Oak Street
Evans Head NSW 2473
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1 & 2/8 Oak Street Evans Head NSW 2473

  • Offices
  • 389 m²
  • For Sale, $1,600,000 (GST na)

Prime Investment Opportunity on Oak St!

    We are thrilled to present two shopfronts for sale in the heart of Evans Head, situated on the bustling main shopping street, Oak St. These properties offer a unique investment opportunity, perfect for investors wanting a long term investment in one of the most prominent locations in Evans Head. Positioned on the "Sunny Side" of the street, both buildings will be sold together and have current, long term leases in place, ensuring immediate return on investment.

    Property Highlights:
    - Prime Location highly sought-after area with constant foot traffic and visibility.
    - There is the opportunity to go up to 3 storeys high in Oak Street.
    - 4 Storey development is proposed in this zoning under Council's draft placement plan.
    - Dual access with two car parks located at the rear of the building for easy access.
    - Oak Street is known as the heart of Evans Head, attracting both locals and tourists.
    - Extra space in the Newsagency would be perfect for another business.
    - The newsagency once also housed the Westpac bank at the rear of the building.
    - A third income stream from a shed is leased to the Real Estate at the rear.
    - Extensive Solar Power setup with 42 panels on shop 2.

    Shop 1: Currently operating as a newsagency featuring a large room with a desk, bathroom, car park at the rear and a kitchenette, providing flexibility for various business types.
    Lease term: 11/02/2024 to 10/01/2027
    Current rent: $40,271.16(incl. GST)pa
    Outgoings: Tenant pays 100% of Land council rates and charges, water sewerage and drainage rates.

    Shop 2: Equipped with offices, a kitchenette, a car park at the rear and a bathroom, currently leased to a local real estate.
    Lease term: 28/05/2024 to 24/05/2027
    Current rent: $42,367.32(excl. GST)pa
    Outgoings: Tenant pays 100% of Land rates and charges, water sewerage and drainage charges, land tax, public liability insurance and building insurance.
    There is a separate lease to Shop 2 Tenant for the garage space at $5,719.92pa. The total income for Shop 2 is $48,087.42pa(excl. GST).

    Land size: 473 sqm (together)
    Building size:
    Shop 1 is 247 sqm
    Shop 2 is 142 sqm

    This is your chance to secure a prime piece of real estate in one of the most desirable locations in Evans Head. Whether you're looking to expand your business portfolio or start a new venture, these shopfronts offer the perfect foundation for success. Being strata titled they could be sold off separately in future if needed. For more information or to arrange a viewing, contact us today!

    DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.

    Elders Real Estate Evans Head
    Elders Real Estate Evans Head
    Shop 2, 8 Oak Street,
    Evans Head, NSW 2473

    Property Highlights

    Floor Area389 m²
    Land Area473 m²
    Parking3 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2019320724
    Category
    Last updated  4 Jul 2024
    Map for 1 & 2/8 Oak Street Evans Head NSW 2473

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    Elders Real Estate Evans Head
    Elders Real Estate Evans Head
    Shop 2, 8 Oak Street,
    Evans Head, NSW 2473

    Property Highlights

    Floor Area389 m²
    Land Area473 m²
    Parking3 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2019320724
    Category
    Last updated  4 Jul 2024

    Co-Agents

    Brody Aleckson
    Elders Real Estate Evans Head
    Call
    0428 661 402
    Emma Waterhouse
    Elders Real Estate Evans Head
    Call
    0481986365

    More about 1 & 2/8 Oak Street Evans Head NSW 2473

    1 & 2/8 Oak Street Evans Head NSW 2473 is categorized as Office. It has a floor area of 389 m². There are 3 x onsite parkings.The listing ID for this property is 2019320724.

    More Offices properties for Sale in Evans Head NSW

    For Sale$1,600,000 (GST na)
    1 & 2/8 oak street,evans head, NSW 2473
    389 m²
    Offices