34-36 River Street,
Maclean, NSW 2463

Under instructions from the Receiver & Manager.
Located on the Clarence River at Maclean 18kms inland from Yamba and 45kms north of Grafton.
Comprises a large retail premises of 2,427sqm currently leased as Maclean Home Timber & Hardware.
The lease was granted in 2008 for 5 years and expires next May without option.
The current rent is $155,122 p.a. excl GST.
For investors there is potential to negotiate a new long term lease with the existing or a new tenant.
The property is ideal for its current use and finding an alternative site of this size would be difficult.
For occupiers there is the potential to purchase the property for occupation when the current lease expires.
For developers there is potential to put together a large river front site for possible future development. The rear of 34-36 River Street adjoins the Maclean Hotel which is also being sold through Gerry Quinlan of Manenti Quninlan, The joining of these properties would create a substantial river front site.
34-36 River Street is being offered for sale by Expressions of Interest closing Thursday 8 Nov 2012.