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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.
Lincon McLaren
Director
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