8 Lawson CrescentCoffs Harbour NSW 2450
Property Details for 8 Lawson Cres, Coffs Harbour
Last Listing description (July 2024)
This solid industrial investment comprises of a four-unit complex which occupies a highly favourable position in Lawson Crescent being some 50 metres from busy Orlando Street and approximately 500m from the Pacific Highway.
The building is divided into four leasable units each with separate amenities.
Unit 1 enjoys high profile frontage to Lawson Crescent, whilst the other unit's roller doors and signage face Lawson Crescent.
The complex is leased to four well established tenants and generates a gross annual rental income of $84,426 plus GST ($97/m2 average).
Three tenants are on monthly leases allowing the new owner immediate rental growth potential.
This ideal investment property enjoys the following features:
Popular northside industrial location
Good quality well established tenants
Immediate rental growth potential
Rarely offered sought after investment
Strata title subdivision potential
Suit SMSF or similar
Accessible price range
If you been seeking a well-managed, secure industrial investment opportunity on Coffs Harbour's popular northside then CALL NOW !!!
This property is available for sale with an asking price of $1.15m showing a gross rental of over 7%.
Call Exclusive Marketing Agents LJ Hooker Commercial for all further details:
Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Your leading local specialist commercial agency servicing The Coffs Coast.
Property History for 8 Lawson Cres, Coffs Harbour, NSW 2450
- 09 Jul 2024Sold for $1,250,000
- 19 Jun 2024Listed for Sale Sold
- 06 Dec 2019Sold
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0About Coffs Harbour 2450
The size of Coffs Harbour is approximately 46.3 square kilometres. It has 52 parks covering nearly 16.3% of total area. The population of Coffs Harbour in 2011 was 24,581 people. By 2016 the population was 25,746 showing a population growth of 4.7% in the area during that time. The predominant age group in Coffs Harbour is 50-59 years. Households in Coffs Harbour are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coffs Harbour work in a professional occupation. In 2011, 55.7% of the homes in Coffs Harbour were owner-occupied compared with 56% in 2016.
Coffs Harbour has 16,698 properties. Over the last 5 years, Houses in Coffs Harbour have seen a 63.13% increase in median value, while Units have seen a 41.04% increase. As at 31 July 2024:
- The median value for Houses in Coffs Harbour is $740,597 while the median value for Units is $499,379.
- Houses have a median rent of $650 while Units have a median rent of $490.
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