With a commanding presence on a prominent corner position right in the heart of the bustling Taree CBD, the former 'Civic Cinema Centre' is now available to purchase following many years as a tightly held family investment. Enjoying a solid gross rental income of over $173,000 per annum, this ready-made portfolio is at 100% capacity with ten unique tenancies in place, some of which have been long term with the newer business ventures flourishing.
Comprised of eight retail shopfronts with incredible street exposure, plus two additional upstairs suites all with modern fit outs and good frontage to Albert and Pulteney Streets. This iconic premises is known to locals as the 'Civic Centre' - previously an olde-time movie theatre with a bold and quintessential layout and design that has been conveniently revamped and extended by the current owners.
Property Features:
- Zoned B3 Commercial Core
- 1408sqm land size / 1779.3sqm net lettable area (approx.)
- Rear laneway access
- Separate amenities for each shop
- Adjoining property also for sale: https://taree.ljhooker.com.au/house-in-taree-nsw-2430-au-1fp2f7g#.Ye9nKP5By3A
Located within a convenient 1km of Taree's finest cafes, shopping outlets and the Manning River encouraging foot traffic
Due to be sold under the hammer on Thursday 24 February 2022 via Cooley Auctions.
ABOUT TAREE
Taree is located on the mighty Manning River - the water source that connects our beautiful townships together. The Greater Taree area is home to approximately 46,500 people with 26,000 local to the Taree City. As the major commercial centre in the Manning Valley, Taree is home to a vast array of cafes and restaurants, two large shopping complexes and plenty of boutique shopfronts and arcades to explore. Being central to a handful of holiday destinations, Taree is a short 11km drive to the beaches of Old Bar, 30km along the Pacific Highway to take a stroll along the break wall at Harrington and just 9km to the riverside heritage town of Wingham, known for its fresh and locally grown produce, natural rainforest and walking trails. The vibrant recreation facilities include the Manning Entertainment Centre, Club Taree RSL and award winning 21 hole golf course, Taree Aquatic Centre and the Regional Art Gallery.
