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 406 414

Raine & Horne Commercial

Shop 3, 136 William Street, Port Macquarie

T : 02 6584 0544