Shops 1,3 & 4, 19 Short Street,
Port Macquarie, NSW 2444

* Opportunity to purchase a triple shopfront CBD investment in Port Macquarie
* Fully leased with three income producing tenants on current commercial leases - Pawnbroking and second-hand dealers, Beauty treatments clinic and Print Shop
* Allocated parking at the rear of the property - six (6) in total - 2 per shop
* All shops include air conditioning, polished concrete floors and independently serviced with electricity
* Strata area of 352 Sqm including parking. Total lettable tenancy area of 274 Sqm
* Direct street frontage to each shop and close proximity to Coles, JB hi-fi and Officeworks
* Excellent historic occupancy rates
* Approvals obtained to further strata into three separate titles which will allow the individual sale in future
* Gross income for all 3 shops is currently $73,900.00 PA GST EX,
* Upside in rental @ Market Reviews/lease renewals circa additional $8,000 PA to $14,000 approx.
* Outgoings - 100% Paid By Lessor:
Council Rates $ 7,096.12 GST Exc PA approx 22/23
Strata Levies $ 11,420.47 GST Exc PA approx 22/23
Land Tax $ Nil On single holding basis (Rateable Value $225,750)
Total outgoings $ 18,516.59 GST Exc PA approx
* Nett Income: $55,383.41 PA GST ex, projected upside at lease renewal - rentals below market on two shops
* A very simple strata - presently only two owners in complex - The Building is a two level commercial complex comprising 4 ground floor shops and a first floor office tenancy on a large land area of 984 sqm
* Suit the investor or potential future owner occupier
* Contact Luke Horton - 0417 406 4...
Raine & Horne Commercial
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 05...