Port Macquarie

81-91 Horton Street (& 123-125 William Street), Port Macquarie, NSW 2444

  • 1379sqm
  • 6garages
    • Sold

      Freehold Retail Investment Holding/future re-development site

      * Located in the main street of Port Macquarie's CBD, arguably one of the towns busiest intersections. * Featuring three street frontage and dual street vehicle access driveways. * The property comprises a single level commercial development of varying buildings offering 8 individual tenancy income streams Including Newcastle Permanent Bank and Sportscraft (APG & Co). * Upgrade works have been completed to the external shopfronts as well as internal upgrade works to almost all tenancies * The property is currently 100% leased and occupied
      - all income producing * value add potential through additional development opportunities and further tenancy upgrades * All tenancies offer direct street frontage and are supplied with individual electricity and can all operate independently. * Land Area is 1,379 sqm approx. * Lettable Area is 675 sqm approx + common area amenities facilities * Land use Zoning is B3
      - Commercial Core. * Height Of Building 19 m to 22 m under planning, Floor Space Ratio 3:1 * Sold with existing tenancies offering significant passing income. * Gross income $358,203.00 pa Ex GST * Outgoings
      - 100% paid by lessor
      - total $130,963.00 PA approx * Land Tax
      - Rateable Value $2.41 million * The Nett Income is $227,240 PA GST EX approx as at 1.1.22 * Excellent rental income history and high occupancy rates * Rarely available significantly multi-tenant holding * Documents available from selling agents * For further information, Please 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

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      Property Info:
      • Property ID: L1183807
      • Property Type:Retail
      • Building / Floor Area:1379 sqm
      • Land Area:1379 sqm
      • Car Spaces:6
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