5 John Street,
Kempsey, NSW 2440

* Located in Kempsey CBD with a corner location.
* A fresh Five (5) year lease that commenced February 2018 with Two x Three (3) year options to extend.
* Lease to a national tenant, Burson Automotive Pty Ltd T/As Burson Auto Parts.
* All outgoings Payable by Lessee and include
Council Rates: $ 3,744.04
Building Insurance: $3,649.95 GST Inc PA approx.
Land Tax: $ Nil PA (on single holding basis),
Water Charges: $ 462.16 GST Exc PA (as incurred)
Total Outgoings: $ 7,856.15 PA approx

* Rent increase by CPI annually, with "current Market" to apply at commencement of options
* Nett Income of $52,000.00 PA GST Exc
* Property comprises a ground floor area of 493 sqm approx and mezzanine level of 109 sqm approx.
* The building has been painted in the Burson Auto Parts corporate colours.
* Ideally suited to the astute investor and SMSF buyers.
* A fantastic commercial investment opportunity.

Further information contact;
Raine & Horne Commercial Port Macquarie Ph: 02 6584 05...