Port Macquarie
43420974.full

(S)/88 Horton Street, Port Macquarie, NSW 2444

  • 401 sqm

Sold

Sold for $1,600,000 (Nov 27, 2020)

CBD Investment Property - Port Macquarie


  • Deceased Estate – Must be sold.

  • Main street location in the prime retail strip.

  • Freehold title with land area of 225 sqm approx

  • 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

  • Wide frontage

  • 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

  • Contact 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: L3113414
  • Property Type: Retail
  • Building / Floor Area: 401 sqm
  • Land Area: 225.0 sqm
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