Port Macquariepin

67-69 Horton Street, Port Macquarie, NSW 2444

  • 552sqm
  • 9garages
    • Sold

      Main Street CBD location - Prime investment

      * 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

      avatar Luke Horton
      Luke Horton

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

      Property Info:
      • Property ID: L18388776
      • Property Type:Retail
      • Building / Floor Area:552 sqm
      • Land Area:522 sqm
      • Car Spaces:9
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