R&H
PORT MACQUARIE
Port Macquarie
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Shops 1,3 & 4/19 Short Street, Port Macquarie, NSW 2444

  • Floor Area:
    247sqm
    Land Area:
    351sqm
  • garages6

      • Sold

      CBD Location - Triple Shopfront Investment

      * 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 406 414

      Raine & Horne Commercial

      Shop 3, 136 William Street, Port Macquarie

      T : 02 6584 0544

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      avatar Luke Horton
      Luke Horton
      Director

      Got a property to sell? Contact us for a free Request Appraisal

      Property Info:
      • Property ID: L16738914
      • Property Type:Retail
      • Building / Floor Area:247 sqm
      • Land Area:351 sqm
      • Car Spaces:6
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