This address has been the location for a Newsagency since circa 1900’s – Port’s original Newsagency
Building comprises 207.1 sqm approx. of grounds floor retail + a further 195 sqm approx. of level 1 office/storage
Despite the old-world look, the building was reconstructed in the early 1990’s due to fire damage and so is really only 30 years old approx. and may still hold some depreciation benefits
Loads of street parking close by
The lessee owns the air conditioning.
Lessee pays 100% Council Rates
Long ongoing lease arrangements of 5 year + 5 year option
Established newsagency business – A staple to the community and could be considered as good as a “blue chip tenant”. Current business is more than a newsagency – selling lottery, papers and stationary plus also carries the large range of souvenirs, giftware and items for all special occasions.
Easily managed single tenant
Strong NSW growth region underpinned by high level tourism and lifestyle driven population growth.
Located close to major banks, Optus phone store and a major shopping centre comprising Target, IGA and 50 specialty stores.
Rare opportunity to invest in an A grade location in a tightly held strip in one of NSW fastest growing regional areas
Purchase arguably one of the best locations in CBD of Port Macquarie
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.
Sold subject to existing lease, Business not part of property sale