Nutrien Harcourts have listed for sale a multi - tenanted freehold commercial/light industrial investment located in one of NSW's key development regions. Narrabri is the second richest agricultural shire in Australia with the area also featuring substantial coal mining operations and is also the main service centre for the Santos Narrabri Gas Project.
An overview of the property is as follows:
- Land area - 1,695m2
- The building is a U shaped light industrial/commercial premises currently developed into 4 lettable units.
- Net lettable area of 728m2
- Ample off street parking
- The over the past 15 years the building has been leased to gyms, retail outlets, small mechanic and auto electricians, cafes etc
- The complex is currently vacant however if fully leased a market rent of between $50,000 ($69/m2) to $70,000 ($96/m2) may be applicable.
The complex is situated in an established commercial area on the Newell Highway. With over 4,000 vehicle movements a day on the Newell Highway, the site has great exposure, with the building suitable for a range of uses and providing excellent potential income return.
With low interest rates and a strong economic outlook for the Narrabri shire the sale of 43 Cooma Road represents a great opportunity to acquire a multi facet commercial property with the ability to generate high yielding returns once fully leased.
For further details or to arrange an inspection contact James Thomas of Nutrien Harcourts Narrabri on 0418 975 048 or email james.thomas@nh.com.au
Property ID: #LHN3982
