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- 81-91 Horton Street (& 123-125 William Street), PORT MACQUARIE, NSW 2444
81-91 Horton Street (& 123-125 William Street), Port Macquarie, NSW 2444
Sold
Freehold Retail Investment Holding/future re-development site
* Located in the main street of Port Macquarie's CBD, arguably one of the towns busiest intersections.
* Featuring three street frontage and dual street vehicle access driveways.
* The property comprises a single level commercial development of varying buildings offering 8 individual tenancy income streams Including Newcastle Permanent Bank and Sportscraft (APG & Co).
* Upgrade works have been completed to the external shopfronts as well as internal upgrade works to almost all tenancies
* The property is currently 100% leased and occupied
- all income producing
* value add potential through additional development opportunities and further tenancy upgrades
* All tenancies offer direct street frontage and are supplied with individual electricity and can all operate independently.
* Land Area is 1,379 sqm approx.
* Lettable Area is 675 sqm approx + common area amenities facilities
* Land use Zoning is B3
- Commercial Core.
* Height Of Building 19 m to 22 m under planning, Floor Space Ratio 3:1
* Sold with existing tenancies offering significant passing income.
* Gross income $358,203.00 pa Ex GST
* Outgoings
- 100% paid by lessor
- total $130,963.00 PA approx
* Land Tax
- Rateable Value $2.41 million
* The Nett Income is $227,240 PA GST EX approx as at 1.1.22
* Excellent rental income history and high occupancy rates
* Rarely available significantly multi-tenant holding
* Documents available from selling agents
* For further information, Please contact Luke Horton
- 0417 406 414 .
Raine & Horne Commercial
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 0544
Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L1183807
- Property Type:Retail
- Building / Floor Area:1379 sqm
- Land Area:1379 sqm
- Car Spaces:6