* 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