144 Lake Road, Port Macquarie, NSW 2444

* Finalisation of deceased estate

* Large land area of 4,494 sqm being approx 51m wide and 87m deep.

* 1,187.7 sqm of existing factory building with 7 unit multiple tenancy configuration

* Opportunity to enhance and upgrade existing improvements, to extend current improvements (STCA) or knock down and redevelop potential

* Council rates $10,176 PA , Ratable value $2.13 Million 2024 rates

* Current gross income from three tenant is $49,935.00 PA approx, providing good holding income whilst you make plans

* Only Short term leases in place, provide good passing income whilst you consider redevelopment or upgrade plans

* Current tenant keen to stay on long term and substantial additional leasing income available as remaining space available for lease in excess of 787 sqm approx.

* Continue use as warehouse or potential upgrade to showroom usage which is more inline with the high profile location

* Please note that repair and upgrade works will be required to proceed with leasing the vacant units in current configuration as warehouse space

* Zoned E3 Productivity Support with a very wide array of permitted uses - with consent including; Business premises; Community facilities; Depots; Food and drink premises; Garden centres; Hardware and building supplies; Industrial retail outlets; Industrial training facilities; Information and education facilities; Landscaping material supplies; Light industries; Local distribution premises; Office premises; Places of public worship; Plant nurseries; Recreation areas; Recreation facilities (indoor); Respite day care centres; Specialised retail premises; Storage premises; Take away food and drink premises; Veterinary hospitals; Warehouse or distribution centres; Wholesale supplies.

* Surrounded by the big nationals

* Contact Raine & Horne Commercial

- Luke Horton 0417 406 414

Shop 3/136 William Street, Port Macquarie

02 6584 0544

* We have obtained all information in this document from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.