Raine and Horne Commercial in conjunction with Savills are pleased to offer Shop 26, 50 Carr Street, Coogee (Also known as 256 – 258 Arden Street) to the market for sale.
This prime investment property comprises of a ground floor retail shop currently leased to a new wave laundromat that has been trading for over 10 years and operates out of multiple locations across the Eastern Suburbs.
The property is already split into two components which provides the option to lease the spaces out separately.
Set in a highly desirable location only moments from Coogee Beach and surrounded by a number of established businesses such as the Coogee Bay Hotel, Coogee Pavilion and the Crowne Plaza which is currently undergoing a multi-million dollar renovation and only moments from bustling Coogee Bay Road shops and eateries.
Key Selling features:
•New 3 year lease with a further 3 year option
•Gross passing income: $85,000pa* + GST
•Lease commencement date: 3 February 2020
• Lease expiry date: 2 February 2023
• Recently refurbished laundromat to a high standard
•Total internal area: 64sqm* (app)
• Double fronted shop totalling 9.5sq m* (app)
• Subdivision potential to create two separate tenancies
•Current tenant looking to set up café/sandwich shop
•Outstanding Coogee Beach views
•Tightly held high profile beachside location
•Surrounded by well established businesses
•Opposite bus interchange
For more information or to arrange an inspection please contact the selling agents.