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Showrooms/Bulky Goods

154 Nasmyth Street Young, NSW 2594

Sold on 31 May 2018
  • Building: 2,193.48m²
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Showrooms/Bulky Goods in Young

Multi-Tenant Commercial Investment with a Difference

  • Building: 2,193.48m²

The 'Cool Stores' site is your traditional, post-war style warehouse backing onto dormant railway land in Young's CBD.
A multi-tenancy, freehold commercial investment enjoying high occupancy and sound returns of approx. 9% gross.
Segmented onto seven (7) lettable areas with a combined, current gross income of $46,670, plus contributions.
Zoned B4 Mixed Use, it occupies an expansive land area of approx. 3,066sqm's with clear heavy vehicle access.
Prominent building approx. 2,193sqm's NLA, offers cool-rooms, offices, amenities, chemical storage & service yard.
Whilst of 'Heritage Significance' it is not 'Heritage listed' as such and subject to Council's normal DA processes.
The 'Cool Stores' Co-Op traded for district horticulture growers for almost 80 years, in storing & selling produce.
Astute investors seeking passive, above average returns and a definite interest in local history will see value!

Building:

2,193.48m²

Zone:

B4 Mixed

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