This is a rare opportunity to acquire B2 commercial space in the tightly held Kurri Kurri Town Centre (GST not applicable)
Opposite the popular Col Brown Rotary Park and our famous Kookaburra, locals and visitors alike frequent this easily accessible part of town.
This building is divided into two virtually equal sized, separately metered areas both approx. 105m2. The left side is currently vacant (previously AAA Locksmiths) and the right side is leased to a thriving business which commenced Aug 2022, with an option to renew in Aug 2025.
You will benefit from strong capital growth, a steady return and we have prospective tenants for the vacant section awaiting the opportunity.
Enjoy high visibility for your business or attract a quality tenant for the vacant component and enjoy the 6%+ return.
Cafes, restaurants and tourist attractions surround this popular location and there's ample parking lining the street.
The parcel of land is an amazing 611m2 (12.14 x 50.29) with ample rear access and parking (truck access).
For an Information Memorandum please contact Lisa Osborn today.
The size of Kurri Kurri is approximately 5.2 square kilometres. It has 12 parks covering nearly 8.1% of total area. The population of Kurri Kurri in 2011 was 5,771 people. By 2016 the population was 6,040 showing a population growth of 4.7% in the area during that time. The predominant age group in Kurri Kurri is 20-29 years. Households in Kurri Kurri are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kurri Kurri work in a trades occupation. In 2011, 64.7% of the homes in Kurri Kurri were owner-occupied compared with 62.1% in 2016.
Kurri Kurri has 3,164 properties. Over the last 5 years, Houses in Kurri Kurri have seen a 78.13% increase in median value, while Units have seen a 72.45% increase. As at 31 August 2024:
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