67-69 Horton Street, Port Macquarie, NSW 2444

* Rarely available CBD holding - Freehold title

* Prime Main street location will assure good capital growth over time

* Land area of 522.8 sqm approx

* Wide street frontage

* Improvements comprise a two level commercial property of 287 sqm - Ground level shopfront/office area of 251 sqm approx. plus a further 36 sqm approx of level one office.

* Modern internal and shopfront refurbishment completed in 2010

* Bitumen sealed car park at rear - Valuable on-site parking for 9 vehicles

* Rear access - fenced and gated for security

* A grade main street location

* Excellent long term re-development site with multi-story height development potential - B3 commercial Core Zoning - FSR 3:1 and Building heights 22m - 26.5m

* Secure income courtesy of a newly signed long term lease in place with options taking potential occupancy to 2035

* Rental income $143,000 PA plus GST plus Lessee paying Council Rates, Land Tax (not applicable on single holding basis) and Water usage

* Lessor pays Building insurances (approx. $4,080 PA) and fire compliance ($1,000 PA approx)

* Annual rental increases by CPI, Current Market rent to apply at option.

* Well know and recognized real estate franchise - operated from this location for over 30 years (various different proprietors)

* Main Street freehold property are tightly held in Port Macquarie and not available too often -Act fast to secure the investment for the forward thinking buyer

* We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

* Contact Luke Horton - 0417 406 414

Raine & Horne Commercial

Shop 3, 136 William Street, Port Macquarie

T : 02 6584 0544