Shops 1 & 2, 84-86 Horton Street,
Port Macquarie, NSW 2444
$1.75 Million No GST - Going Concern
Key property information
Map of Shops 1 & 2, 84-86 Horton Street
Train stations within 5 km of Shops 1 & 2, 84-86 Horton Street, Port Macquarie, NSW 2444 Distance Port Macquarie Station 240 mPOWERED BY HERE © Bus stops within 5 km of Shops 1 & 2, 84-86 Horton Street, Port Macquarie, NSW 2444 Distance Hayward St at Keena la 297 m Hayward St After Horton St 302 m Munster St at Church St 373 m Kooloonbung Creek Nature Park, Gordon St 415 m Port Macquarie Coach Stop, Gordon St 416 mPOWERED BY HERE ©
ASX Tenant - 2 Shop investment - Main Street Commercial Port Macquarie
* 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
Property ID: 503471722Last Updated: 24 Feb 2021