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104 Fern Street, GERRINGONG

$5,100,000

  • 1415 ㎡
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Description


• Prime location at the seaside village of Gerrigong
• Strong rental return of $250,000 per annum
• Building size 1415 square meters

McLaren Real Estate are pleased to present to the market Shops 1, 2, 3 & 4/ 104 Fern Street, Gerrigong. Cloud 9 boasts four prominent modern, retail shops located in the infamous, seaside town of Gerrigong. Gerringong is a short drive south of Kiama, 35 minutes from Wollongong and under two hours' from Sydney along the scenic Grand Pacific Drive. The property is currently leased to four tenants, including a restaurant, café, an ice-creamery and a boutique clothing shop with a total annual net income of $250,000 from these four commercial leases. Car parking includes undercover basement with 7 spaces and a private lift to take you to your street level retail shops as well car parking for a further 6 cars just out the front.

You can increase your income with holiday rental of the stunning penthouse with amazing ocean views. Cloud 9 is an eminently spacious three-bedroom penthouse, designed with manoeuvrability in mind, and a healthy respect for natural lighting. The ceiling-high glass walls grant constant, gorgeous ocean views, and keep you connected with Gerringong's vibrant beachside atmosphere 24/7.

This unique opportunity doesn't come around very often. Perfect for those looking for a life of sunny, beachside luxury, or an incredible investment opportunity in both holiday rental and retail tenancy, 104 Fern Street offers simply unbeatable value.

Other features include:
• Land size – 577 square metres, building size 1415 square metres
• Luxury 3-bedroom penthouse with stunning ocean views
• Four tenanted retail shops below the home
• Outdoor deck and rooftop swimming pool, and indoor sauna
• Short walk to Werri Beach

Disclaimer:
All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

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