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Shops 1 & 2/84-86 Horton Street, Port Macquarie, NSW 2444

  • 188 sqm

For sale

$1.75 Million No GST - Going Concern

ASX Tenant - 2 Shop investment - Main Street Commercial Port Macquarie


  • With interest rates at record lows, why not secure this prime location, Main Street commercial premises comprising two shopfronts.

  • Shop 1 is occupied by The Athletes Foot Australia Ltd (Franchisor lease). TAF has over 130 locally-owned and operated stores in Australia and New Zealand. ASX-listed RCG Corporation is the owner of The Athlete’s Foot Australia. Current rent $70,700 PA plus GST and Shop 2 currently vacant and available for lease, asking $70,000 PA plus GST.

  • Projected gross income circa $140,700 PA plus GST (fully leased).

  • Ongoing costs $25,600 PA approx paid by owner (includes Council Rates, Building Insurances, common power, water usage, allowance for R&M, no land tax on single holding basis – rateable value $644,667).

  • Nett income potential $115,000 PA approx. = circa 6.5% nett on asking price of $1.75 million (no GST)

  • Main street location in the prime retail strip.

  • Easily managed.

  • Strong NSW growth region underpinned by high level tourism and lifestyle driven population growth.

  • Located close to major banks, Optus phone store and a major shopping centre comprising Target, IGA and 50 specialty stores.

  • Both shops have air conditioning, rear access with shared kitchen and amenities.

  • Opportunity to invest in an A grade location and wait for the second tenant or possibly move in to the vacant shop with your business.

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

  • Contact Luke Horton – 0417 406 414

    Raine & Horne Commercial

    Shop 3, 136 William Street, Port Macquarie

    T : 02 6584 0544

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Luke Horton
Director
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Property Info:
  • Property ID: L1184555
  • Property Type: Retail
  • Building / Floor Area: 188 sqm
  • Land Area: 227.0 sqm
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