The landmark Cinema Walk Arcade occupies a prime retail position in busy Harbour Drive with dual street frontage.
Comprising a ground floor arcade accommodating 15 shops with three ex cinemas above.
Fronting both Harbour Drive and Vernon Street, opposite the CEX and adjoining CODA, the land has a total site area is 1,002m2.
The building covers the whole of the site and accommodates a ground floor area of 720m2 plus cinemas of 650m2 seating some 500 patrons.
Fully leased gross annual rental is in the order of $200,000 excluding the potential cinema income.
The investment enjoys the following features:
• Prime retail position
• Dual street frontage
• Heave pedestrian traffic flows
• Adjoins CODA and opposite CEX
• Significant financial upside
• Transitional CBD emerging as a high rise residential location
If you've been seeking to secure a prime foothold in Coffs Harbour's burgeoning CBD then CALL NOW!!!
The property has an asking price of $2.775M GST Exempt.
For all further details contact Exclusive Marketing Agents LJ Hooker Commercial.