Share this property

11/128 William Street Port Macquarie, NSW 2444

Directions

11/128 William Street,
Port Macquarie, NSW 2444

Shop & Retail • Offices • Other

Price information

Sale

$405,000 to $445,000

Key property information

Land area

Floor area

Car spaces

Parking info

Property extent

Zoning

Municipality

Tenure type

Return

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$42,858
Number of Tenants
1 Tenant
Tenants / Type
Photoworks Express

Private inspections

to arrange a private inspection.

Map of 11/128 William Street

Directions
  • Train stations within 5 km of 11/128 William Street, Port Macquarie, NSW 2444Distance
    Port Macquarie Station213 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 11/128 William Street, Port Macquarie, NSW 2444Distance
    Hayward St After Horton St195 m
    Hayward St at Keena la196 m
    Kooloonbung Creek Nature Park, Gordon St301 m
    Port Macquarie Coach Stop, Gordon St303 m
    Munster St at Church St451 m
    POWERED BY HERE ©
POWERED BY HERE ©

Stunning 10% Returns with Secure Long-Term Tenant in Place

  • > 10% Net Return & Prime Location
  • > In excess of $42,000.00 pa
  • > Secure tenant on 2 x 2 year Lease
This fantastic Going-Concern opportunity is located on the ground floor of the Galleria Building in the Hub of the Port Macquarie CBD with two-way street exposure from Short and William Streets.

Situated immediately across the road from the Mantra Quayside, Post Office, other shops and the beautiful Hastings River, these premises offer years of high investment return options with a current stable tenant operating from the premises on a 2 x 2 year lease and plans for more thereafter.

With the premises currently producing around 8.5-10% return on investment you'll struggle to find other prospective investment opportunities either privately or through your business activities or even your SMSF achieving such impressive results.

Furthermore, a shrewd business entrepreneur may also see an opportunity down the track to become an owner operator of these premises and take advantage of its fantastic thriving location, but be assured the current commercial tenant is keen to stay here indefinitely which should further confirm the surety of the premises location.

As referred to above the current commercial tenant, Photoworks Express is currently 1 year into a 2 x 2 year lease agreement and is keen to extend when the opportunity presents itself.

The current tenancy agreement is receiving $28,840.00 per annum plus all outgoings which includes the following:
> Council rates of $3,600.58 pa
> Strata levies of $10,417.44 (with water rates included in strata levies)

This is a total Gross and Net Return including all outgoings of $42,858.02 pa with nothing else to pay. Set and forget!

The premises has a total internal area of approximately 52sqm of internal space plus a further 19sqm designated security car parking under the building.

Leasing arrangements are adjusted yearly in July through a fixed rate of 3%.

# Agent declares an interest in Premises!
## The current business / commercial tenant operating out of the premises is NOT FOR SALE.

Additional information

Property ID: 503587134Last Updated: 13 Sep 2020

0410 *** ***
realcommercial.com.au logo
11/128 William Street
Port Macquarie, NSW 2444

Agency contacts

Tony Bransdon Property - PORT MACQUARIE
Tony Bransdon Property - PORT MACQUARIE
7 Allunga Address
PORT MACQUARIE, NSW 2444
View agency profile
progress tick

Sending email...

Email enquiry

Tony Bransdon

Send to:

Tony Bransdon
Tony Bransdon Property - PORT MACQUARIE
11/128 William Street Port Macquarie, NSW 2444

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call

  • Tony Bransdon

    Tony Bransdon

    Tony Bransdon Property - PORT MACQUARIE
    0410 *** ***