44-48 Hastings Street,
New South Wales,
$779,000 no GST applies
Affordable Commercial Investment 3 Income Streams
Time to act if you are interested in securing a CBD Investment opportunity in Wauchope, NSW – 20 mins West of Port Macquarie and part of the Port Macquarie Hastings Council LGA – high population growth region.
Three (3) income streams on good leases – Established tenants within the Wauchope market.
Tenants include: CTC – Cigarettes Tobacco Cigars franchisee – 171 franchises in 153 towns – recently renewed for a three (3) year plus three (3) year term through to 2026; local established bakery on balance of five (5) year lease with five (5) year option through to 2028 approx. – bakeries as a tenant are a good category usually well supported by locals and excellent ability to pay rental ; and local solicitor on two (2) year plus three (3) year option through to 2023 approx. – legal offices in general make excellent tenants and are well supported by the community and are in demand with estates, property transactions, wills etc
Ideal for SMSF / Investors looking for easily managed investment property.
Gross income $64,990 PA approx (Excluding GST).
Estimated outgoing charges only $9,800 PA approx (including Council Rates: $4,586 PA, Land Tax Rateable Value $305,000; Building Insurances – $2,941 PA plus Water and General Maintenance).
Nett income circa $55,152.00 PA approx.
Freehold Land area of 563 sqm approx.
Building improvements comprise a single level shopfront development with three (3) separate commercial tenancies – total lettable area of 169 sqm approx.
Rear access for deliveries and six (6) cars spaces – two (2) per shop.
Adjoining the IGA supermarket in one of Wauchope’s busiest streets and near national retailers and major banks.
Asbestos compliant reports available – all clear
Call Raine & Horne Commercial for more information on Ph 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.