11 Coldstream Street

Ulmarra NSW 2462

CONSIDERING the recent highway upgrade, this really is a ground-level business opportunity to secure a presence on the main street of what is set to be a booming tourist town.The aptly and attractively named Big River Way (the old Pacific Highway) now takes the leisurely Aussie tourist on the road less travelled to the gorgeous river port of Ulmarra.As most will know, domestic tourism is booming due to COVID restrictions to international travel, making these two shops ideally placed for numerous types of businesses.The highway upgrade has seen a huge drop in heavy vehicle traffic through Ulmarra, creating a peaceful yet attractive community for locals and tourists, while being just a 10 minutes drive to Grafton and a 30 minute drive to Yamba. Even before the highway upgrade, Ulmarra was a bustle with tourists enjoying a coffee or spotting something special in the several antique shops. Now, things have intensified according to locals.Historically, towns that have been bypassed such as Alstonville have only thrived from the reduction in heavy traffic. Both properties are zoned B1 for neighourhood centre, this allows the potential to be used for residential dwelling upon application through council. With the large area out the back this could be by way of adding in a granny flat or by converting half the shop to a residence and the front half left as commercial (STCA).THE PROPERTIES- 9 Coldstream is currently being leased on a month to month lease. This shop is set on a larger block being 584sqm, again sharing the middle driveway to access the rear of the block. This shop has five separate rooms at the front and a kitchenette and toilet at the rear as well as a small storage room. The rates for number 9 are approx $900 per annum. The current tennant is an opportunity shop associated with the well loved Ulmarra home for the elderly, Rathgar Lodge. It raises funds for the United Protestant Association's charitable arm the under-market rent is considered a charitable offering by the current owners. - 11 Coldstream Street is currently vacant however has previously been used as a caf, doctor's clinic and a screen printing workshop. This shop space is the larger of the two but is set on the smaller allotment of 430sqm with a shared driveway access to the rear of the property. The shop itself contains a large store front room, office, kitchenette, second room at the back and a large storage area with toilet. The rates for number 11 are approx. $1,100 per annum.NOTE TO INVESTORSThe Elders team is currently working on rental appraisals for both shops.What is Fastrak?Essentially Fastrak is a form of no price marketing exclusive to Elders. Buyers are asked to inspect the property and submit offers to reflect their interest. If a deal is not struck within the first fortnight, normally an asking price or price guide is placed on the property. This may vary on a case by case basis.Ether property would be suitable for a wide variety of businesses but here are a few that the Elders Team could see working in Ulmarra: ice creamery, micro brewery, bakery or pie shop, home wares, specialist hobby shop, 2nd hand musical instrument shop and/or much more. If you are interested in this commercial opportunity or would like to find out more, please contact either Terry Deefholts 0413 299 176 or Mel Dayes 0467 000 447 so you don't miss out.Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.