* Commercial investment property located in a prime position on the ground floor of the well known "Galleria Building".
* Area of 56 sqm approx with excellent street exposure.
* Air conditioned.
* High walk through traffic.
* One (1) allocated on site secure basement car space.
* Three (3) year lease that commenced June 2016 with further three (3) year option
* Annual rent increases by CPI, with Market Review of rental at commencement of the Option
* Current gross Rental of $26,600 PA approx (GST Exclusive)
* Outgoings payable by property owner include;
Council Rates: $3,434.35 GST Exc PA (2018/2019)
Strata Levies: $8,366.00 GST Exc PA (2018/2019)
Land Tax: $ Nil PA (on single holding basis)
Water: $ As incurred PA
Total Outgoings:$11,800.35 GST Exc PA approx
* Nett Income: $14,825.16 PA GST Exc
* Great mixture of adjoining businesses.
* Ideal for SMSF investors.
* Very affordable commercial investment opportunity.
* Please note: It is the property for sale only, NOT the business.

Call Raine & Horne Commercial
Shop 3, 136 William Street, Port Macquarie T: 02 6584 05...