Shop 1/11 Clarence Street (Cnr Munster), Port Macquarie, NSW 2444

  • 177 sqm
  • 2

For sale

$1,080,000 No GST applies - Going Concern

Commercial Investment Opportunity


  • Established purpose built Cafe/Restaurant premises with lease in place to ‘The Corner’ Restaurant.

  • Sold subject to existing lease.

  • Prime corner position tenancy located in quality tourist accommodation building “Macquarie Waters” within CBD.

  • Strata area 177 sqm approx comprising tenancy area of 125 sqm approx, plus 14 sqm approx basement coolroom/freezer room area + dry store and two (2) basement car spaces on title.

  • Access to a large outdoor seating area through council licensed area.

  • Five (5) years commencing May 2018 and expiring May 2023, annual rent reviews by 4%.

  • Current Nett Rental $64,680.00 PA (GST Exclusive) PA (as at 01/12/2021) and lessee pays 100% Outgoings

    • Council Rates – $1,989.78 PA GST Exc

    • Strata Levies – $15,375.52 PA GST Inc

    • Land Tax – rateable value $63,794.00 – Nil

    • Water Charges – as incurred

  • Food usage established in this location from completion of construction; since 2008 – purpose built for this usage.

  • Continued occupancy since 2008 as “The Corner” restaurant, only been two operators in that time with second operators still in place

  • Ample passing trade – accommodation above and surrounding this property and business trade.

  • Tourist precinct.

  • Modern, well presented building.

  • Contact Luke Horton 0417 406 414

    Raine & Horne Commercial for further information

    Shop 3, 136 William Street, Port Macquarie

    Ph 02 6584 0544

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Property Info:
  • Property ID: L9418800
  • Property Type: Retail
  • Building / Floor Area: 177 sqm
  • Car Spaces: 2
  • Land Area: 125.0 sqm