Port Macquarie
44886752.full

25 Jindalee Road, Port Macquarie, NSW 2444

  • 496 sqm
  • 8

Sold

Sold for $1,050,000 (Nov 20, 2020)

Well Positioned Warehouse Premises - Short lease will suit Owner/Occupier


  • This well positioned property is locate along busy Jindalee Road and offers a great exposure to passing traffic.

  • The building is a high bay warehouse area of 496 sqm approx. (24M wide by 20m deep approx) with additional mezzanine of 92 sqm approx.

  • Three large roller shutters and glass entry doors

  • Skylights. 3 Phase power., LED high bay

  • Easy onsite parking area for 8 vehicles – wide driveway and all concrete sealed.

  • One (1) year remaining on the current 6 year lease to CDA Eastland which expires July 2021 (no option to extend). CDA Eastland have been in occupancy since 2009

  • Property will ideally suit future owner/occupiers come July 2021 or investors seeking ongoing rental return

  • Council rates and insurances (plus lawns and water) paid by tenant under current lease and are: C/Rates: $3,000 PA approx and Building Insurances $2,500 PA approx

  • Current rental is $63,000 PA nett

  • Return on asking price is just under 6% nett, compared to term deposits offering just over 1%

  • You do the numbers – You could not buy equivalent sized and located industrial land and replace a building of this size for the asking price

  • Call Luke Horton – 0417 406 414

    Raine & Horne Commercial

    Shop 3, 136 William Street, Port Macquarie

    T : 02 6584 0544

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Luke Horton
Director
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Property Info:
  • Property ID: L3008518
  • Property Type: Industrial/Warehouse
  • Building / Floor Area: 496 sqm
  • Car Spaces: 8
  • Land Area: 1000.0 sqm
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