7/171-173 Carrington Road, COOGEE, 2034, New South Wales

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Subject: 7/171-173 Carrington Road, COOGEE, 2034, New South Wales

Sold

Sold

A Convenient Investment

Property ID: 17827160

Shop 7 is situated in this highly visible and convenient location is a superb retail investment opportunity. Currently occupied by Coogee Convenience, this shop with upper level storage offers the astute investor an outstanding investment opportunity to purchase a solid long term investment property that would make the ideal addition to anyone’s property portfolio.

- Size approx 35 sqm + lower level storage approx 33sqm

- Secure tenancy with long term lease

- Current rent of $42,480 per annum

- Fixed 5% annual increases

- Current lease ends in 31 May 2021 with a further three (3) years option

- Strata $845.00 approx per quarter

-Council $335.00 approx per quarter

This is an opportunity not to be missed!

In conjunction with Ray White Commercial City South

Michael Buium 0408 385 385

Ciara O’Connor 0407 192 755

www.mapsembed.com

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R&H Suburb Profile: Coogee

R&H Suburb SummaryHouses
Number of sales 49
Average Price $2,229,170
Median Price $2,689,500
Median Rental Price $1,100 p.w.
Change in Rental Rate (5yr) 29 %
R&H Suburb SummaryUnits
Number of sales 282
Average Price $943,184
Median Price $1,130,000
Median Rental Price $695 p.w.
Change in Rental Rate (5yr) 16 %
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