65 Clarence Street, Port Macquarie, NSW 2444

* Land mark location, long lease and redevelopment potential

* CBD of Port Macquarie in a tightly held precinct - Backing onto the town green and Hasting River

* Sale subject to existing long term lease lease of 7 year commencing December 2021 + two X 5 years options

* Current rental in excess $200,000 PA ex GST

* The lessee pays, as per the lease 100% of outgoings - including rates, insurances, land tax and water

* Rent reviews: 3.5% pa and Market at option

* Operating as a Bar AND restaurant for over 35 years

* Lease includes a redevelopment exit clause for lessor

* Land area : 619 sqm approx.

* The improvements offer 330 sqm approx of ground floor area used as kitchen, restaurant dinning, bar, and out door area, plus a further 154 sqm of level one current used as office, but prior residential usage

* Zone E2 Commercial Centre - with primary usages including; Commercial premises; Function centres; Hotel or motel accommodation; Medical centres; Shop top housing; STCA

* The hidden value in this site is the Floor Space Ratio 3.5:1 - and Height of Buildings 19 m - potential 6 levels of development STCA, plus the lease includes a redevelopment exit clause for the lessor, good income now and extra value later on

* Easily managed single tenants

* Hogs Breath has been established as a brand since opening the first restaurant in July 1989 at Airlie Beach, Queensland . There are outlets in New South Wales, Queensland, Victoria, Western Australia and Tasmania - a national brand. The Hog's Breath experience includes Prime Rib Steak and Curly Fries.

* First time offered for sale in over 2 decades

Contact Raine & Horne Commercial to discuss - Luke Horton 0417 406 414

"Quayside Building" 136 William Street Port Macquarie

Ph 02 6584 0544