Lot 3 – 2 Macrossan Street
Two (2) Tenants
303m2 Net Lettable Area (315m2 Strata Area)
Current Net Rental $162,110

Property Details
315m2 freehold strata title. Large 20 metre frontage to Macrossan Street. A prime Port Douglas, main street location. Positioned immediately next door to the NAB building as well as being directly opposite the iconic ‘Courthouse Hotel’ and the Sunday markets. Our W.A. Vendors have decided to move their interests back to Perth after 20 years of ownership and will set an attractive reserve.

There are currently 2 tenants:-

Tenant ‘A’
Tommy Bahama “TBAU Pty Ltd” an international company specializing in their own upper end brand clothing. They lease approx 217m2 of floor space. After 4 years of Tommy Bahama trading in the premises, the U.S. parent company has recently taken an assignment of the lease as part of the expansion of its Australian operations.

Tenant ‘B’
Bulls Burger Bar, formerly Java Blue Café - a very successful café. They lease approximately 86m2 of floor space.

Income Summary
Net rental income of $162,110 p.a. Lease details are currently being finalized and are subject to confirmation. All registered enquiry will be provided with executed copies of the new leases as they come to hand.

Register your interest now as the Vendors definitely wish to sell and the proposed reserve will yield well in excess of Bank interest.