This is a rare opportunity to secure a tenanted blue chip main road commercial property on the ground floor in the popular seaside suburb of Shellharbour Village. Pacino's Cafe on Addison Street, Shellharbour is a name well known to the locals and tourists of the area. A very popular cafe on the main strip of the Village with an abundance of undercover alfresco dining area for patrons. The very experienced operator/tenant has a 5 year lease with a further 5 year option and pays all statutory outgoings. Shellharbour Village is right on the ocean and an extremely popular destination for not only the locals but tourists all year round.Features include:* Rental return of 5% NET with annual increases * Internal cafe/shop area is 70sqm** Impressive undercover external alfresco area 113sqm** Includes basement storage area of 36sqm* as well as 2 parking spaces * Impressive cafe fit out and well maintained property.* Seating for 92 patrons * Long term experienced operator as tenant
The size of Shellharbour is approximately 2.4 square kilometres. There are 18 parks, covering nearly 23.8% of the total area. The population of Shellharbour in 2016 was 3561 people. By 2021 the population was 3520 showing a population decline of 1.2% in the area during that time. The predominant age group in Shellharbour is 60-69 years. Households in Shellharbour are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Shellharbour work in a professional occupation.In 2021, 64.50% of the homes in Shellharbour were owner-occupied compared with 65.10% in 2016.
Shellharbour has 1,890 properties. Over the last 5 years, Houses in Shellharbour have seen a 18.60% increase in median value, while Units have seen a 11.32% increase. As at 30 September 2026:
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