46 Sydney Street Mogo, 2536 NSW

IT HAS GOT TO BE VALUE!

6

Mogo is located about 10 km from the busy regional tourist centre of Batemans Bay and around 18 km from the administrative hub of Moruya. The town is quietly transitioning into what many are calling the "Berry of the South Coast," perfect for those with a long-term vision.

This charming tourist village attracts a steady flow of visitors, drawn to its eclectic mix of shops and services. Nearby are the well-regarded Foxdog Distillery and the ever-popular Mogo Zoo - both major drawcards. The pristine beaches of Tomakin and Broulee are just a 10-minute drive away.

The Clocktower Arcade is a purpose-built complex with a total floor area of approximately 1,137 sqm. The current replacement value of the solid building alone would be at least $2,000,000, plus the land value. At its current price, this presents a solid investment opportunity.

The base level includes 7 lock-up storage areas, two of which are around 100 sqm each and currently unused, along with bathrooms and a secure parking area measuring 16.6m by 13.6m-ideal for tenant or staff parking.

The retail area sits at street level and offers seven shops of various sizes. Shop 3 includes stair access to a mezzanine level of about 57 sqm. Mogo Pies operates from the front with a formal lease, while the other occupied shops are leased on handshake agreements, supporting various artisan businesses. Many tenants have been there for over 10 years, offering flexibility to maintain the current setup or steer it in a new direction to suit your needs.

The property is on one title but individually metered for electricity. The current owner has installed a large solar system, supplying energy to tenants-creating a passive income stream and lowering power costs. Adding a battery could likely increase returns further.

This opportunity also opens the door to shared ownership with individual control of shops, ideal if a group of like-minded buyers is interested in a joint purchase.

Mogo continues to gain momentum as a destination town with strong support from Eurobodalla Council. The rapidly developing and popular Mogo Bike Trails are just one example, drawing riders from far and wide to explore the region's pristine forests. Why not gather a group of riders to share the base level while maintaining income from the shops?
If you have vision-or a crew that shares it-this investment might be exactly what you've been looking for.

At the asking price, it currently offers a 6% return after outgoings.

For Sale $980,000

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