Shops 1 & 2/84-86 Horton Street, Port Macquarie, NSW 2444

  • 188 sqm

For sale

$1.69 Million NO GST going concern

ASX Tenant - 2 Shop investment - Main Street Commercial Port Macquarie


  • Asking price of $1.69 Million no GST

  • Two commercial shopfront investment – Freehold Title.

  • Occupier by ASX listed “the Athletes foot” in shop 1 commenced June 2019 for a 5 year + 5 year and vacant shop 2 available for lease and may suit owner/occupier use

  • Freehold site with rear access

  • Well maintained

  • Extremely busy location with constant pedestrian and vehicle traffic

  • Strategic CBD land holding

  • Current income $72,290.72 (plus GST + vacant shop at $70,000 PA plus GST = Projected gross income circa $142,290.72 PA (GST Exc)

  • Ongoing costs $24,169 PA approx paid by owner (includes Council Rates, Building Insurances, common power, water usage, allowance for R&M, no land tax on single holding basis – rateable value $650,000).

  • Nett Potential Income (fully leased) of circa $118,121.72 PA (GST Exc) and based on asking price of $1.69 Million no GST= a projected return of 7 % nett approx. fully leased

  • 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.

  • Contact Luke Horton – 0417 406 414

    Raine & Horne Commercial

    Shop 3, 136 William Street, Port Macquarie

    T : 02 6584 0544

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Property Info:
  • Property ID: L6070979
  • Property Type: Retail
  • Building / Floor Area: 188 sqm
  • Land Area: 227.0 sqm