140 Lake Road, Port Macquarie, NSW 2444

* Land area of 8,127 sqm approx

* A large commercial building of 3,931 sqm + double level office of 400 sqm over 2 levels (200 Sqm per level)

* Configured as three (3) commercial tenancies.

* The property also features ample front and rear parking, and easy access for larger vehicle deliveries.

* The property fully leased and subject to ongoing lease arrangements;

Tenancy A - Early Settler Furniture Store

Area: 1,160 sqm approx. - Predominantly showroom and small warehouse

Tenancy B - Planet Skate

Area: 1,782 sqm approx. + double level office of 400 sqm over 2 levels (200 smq per level) - Predominantly warehouse space

Tenancy C - Lindeman removals

Area: 989 sqm approx - Predominantly warehouse space

* Total Gross income: $410,000.00 PA ex GST

* Expenses:

Insurance $ 32,000.00 PA 2025

Land Tax $ 38,540.00 - based on ratable value Rateable value $3.260 million with benfit of threshold

Council rates $ 14,503.14 PA no GST 2025

Fire checks $ 5,000.00 PA estimated

Lawns completed by tenants,

Water : payable by tenants

Total: $90,043.00 PA ex GST

* Projected Nett income : $320,000 PA ex GST approx

Massive Upside potential -

1. Development application lodged with council for reconfiguration into 10 Warehouses (in addition to tenancy A) with potential strata sale or continued leasing - increased rental/capital gain outcome - or:

2. opportunity to obtain uplift in rental to market rates through market rental corrections

3. Possible for owner occupier

* Contact Raine & Horne to discuss - Luke Horton 0417 406 414

"Quayside Building" 136 William Street Port Macquarie

Ph 02 6584 0544