160 Nicholson Street

Orbost VIC 3888

The premises is located in a high traffic area on the high side of Nicholson Street, next to the IGA Supermarket. Council managed parking is located near the rear which incorporates electric vehicle charging and public toilets. One hour parking is available on both sides on Nicholson Street, whilst all-day on street parking is available only a short stroll away.

The Barber Shop at the rear is currently privately leased on a month-to-month basis leaving the new owner free to negotiate mutually agreeable lease terms for this space. Upon sale, the Tattoo Studio will relocate leaving the new owner the freedom to utilise this space themselves or place their own tenant in the building. With very little available space in the Orbost CBD, the new owner should have little difficulty finding a suitable tenant. Zoned Commercial 1, the current configuration could suit a service business, professional office, treatment rooms, consulting rooms or a boutique retail store.

With a potential rent of around $500 per week, this property represents a unique opportunity to achieve an above average gross rental return of approximately 11.8%. Alternatively, occupy the main building and offer the rear building for lease! For all enquiries or for more information please contact Richard Ivey @ Coast to Country Real Estate on 0401 113 310.