Port Macquariepin

Shop 1/11 Clarence Street (Cnr Munster), Port Macquarie, NSW 2444

  • 177sqm
  • 2garages
    • Sold

      Commercial Investment Opportunity

      * Established purpose built Cafe/Restaurant premises with lease in place to 'The Corner' Restaurant. * Sold subject to existing lease. * Prime corner position tenancy located in quality tourist accommodation building "Macquarie Waters" within CBD. * Strata area 177 sqm approx comprising tenancy area of 125 sqm approx, plus 14 sqm approx basement coolroom/freezer room area + dry store and two (2) basement car spaces on title. * Access to a large outdoor seating area through council licensed area. * Five (5) years lease, annual rent reviews by 4%. * lessee pays 100% Outgoings • Council Rates
      - $1,989.78 PA GST Exc • Strata Levies
      - $15,375.52 PA GST Inc • Land Tax
      - rateable value $63,794.00
      - Nil • Water Charges
      - as incurred * Food usage established in this location from completion of construction; since 2008
      - purpose built for this usage. * Continued occupancy since 2008 as "The Corner" restaurant, only been two operators in that time with second operators still in place * Ample passing trade
      - accommodation above and surrounding this property and business trade. * Tourist precinct. * Modern, well presented building. * Contact Luke Horton 0417 406 414 Raine & Horne Commercial for further information Shop 3, 136 William Street, Port Macquarie Ph 02 6584 0544

      avatar Luke Horton
      Luke Horton

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

      Property Info:
      • Property ID: L9418800
      • Property Type:Retail
      • Building / Floor Area:177 sqm
      • Land Area:125 sqm
      • Car Spaces:2
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