Shops 1 & 2/84-86 Horton Street,
$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
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.