5 & 6/74-78 Molesworth Street, Lismore, NSW 2480

Freehold
- Golden Commercial
- Brilliant Returns Here's THE investment opportunity of the year-of-the-dragon. Profitable, auspicious, quality, and set in arguably the best location in Lismore's thriving CBD. The Strand Arcade was built into the renowned McLeans department store in the late 1980's. It has been built with quality and a timeless style. The entire arcade has been exceptionally well managed and maintained throughout those years, ensuring a very beautiful and inviting place for retail, business, consulting rooms and public gathering. Lot 5 & 6 were previously one shop and enjoyed a single tenant for thirty years. Since the 2022 floods, the property has undergone a major stylish and modern renovation giving it a "New York loft" appeal and is now home to two thriving businesses on long secure leases. Lot 5 enjoys prominent street frontage, huge window exposure, high foot traffic flow and adjacent to one of Lismore's busiest and best-loved cafes. The existing tenant brings one of Australia's oldest and most respected superbrands, Raine and Horne Real Estate. Lot 6 also has large window frontage facing onto the arcade with a well-established local family owned business that has stood the test of time and the trials of floods. This is the moment for a savvy investor whose priority is a strong return in a secure, premium location, to set and forget, providing a great income.
- Both lots are being offered together as one sale.
- Current gross rental $62,000pa including GST and outgoings. For more information, PLEASE TEXT your name and contact info to Brett McDonald on 0421606422 or email via this page. DISCLAIMER: In preparing this document we have used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.