Port Macquariepin

Shops 1,3 & 4/19 Short Street, Port Macquarie, NSW 2444

  • 247sqm
  • 6garages
    • Sold

      $975,000 No GST

      CBD Location - Triple Shopfront Investment

      * Opportunity to purchase a triple shopfront CBD investment in Port Macquarie * Fully leased with three income producing tenants on current commercial leases
      - Pawnbroking and second-hand dealers, Beauty treatments clinic and Print Shop * Allocated parking at the rear of the property
      - six (6) in total
      - 2 per shop * All shops include air conditioning, polished concrete floors and independently serviced with electricity * Strata area of 352 Sqm including parking. Total lettable tenancy area of 274 Sqm * Direct street frontage to each shop and close proximity to Coles, JB hi-fi and Officeworks * Excellent historic occupancy rates * Approvals obtained to further strata into three separate titles which will allow the individual sale in future * Gross income for all 3 shops is currently $73,900.00 PA GST EX, * Upside in rental @ Market Reviews/lease renewals circa additional $8,000 PA to $14,000 approx. * Outgoings
      - 100% Paid By Lessor: Council Rates $ 7,096.12 GST Exc PA approx 22/23 Strata Levies $ 11,420.47 GST Exc PA approx 22/23 Land Tax $ Nil On single holding basis (Rateable Value $225,750) Total outgoings $ 18,516.59 GST Exc PA approx * Nett Income: $55,383.41 PA GST ex, projected upside at lease renewal
      - rentals below market on two shops * A very simple strata
      - presently only two owners in complex
      - The Building is a two level commercial complex comprising 4 ground floor shops and a first floor office tenancy on a large land area of 984 sqm * Suit the investor or potential future owner occupier * 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

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

      Property Info:
      • Property ID: L16738914
      • Property Type:Retail
      • Building / Floor Area:247 sqm
      • Land Area:351 sqm
      • Car Spaces:6
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