* Rarely available CBD holding - Freehold title
* Prime Main street location will assure good capital growth over time
* Land area of 522.8 sqm approx
* Wide street frontage
* Improvements comprise a two level commercial property of 287 sqm - Ground level shopfront/office area of 251 sqm approx. plus a further 36 sqm approx of level one office.
* Modern internal and shopfront refurbishment completed in 2010
* Bitumen sealed car park at rear - Valuable on-site parking for 9 vehicles
* Rear access - fenced and gated for security
* A grade main street location
* Excellent long term re-development site with multi-story height development potential - B3 commercial Core Zoning - FSR 3:1 and Building heights 22m - 26.5m
* Secure income courtesy of a newly signed long term lease in place with options taking potential occupancy to 2035
* Rental income $143,000 PA plus GST plus Lessee paying Council Rates, Land Tax (not applicable on single holding basis) and Water usage
* Lessor pays Building insurances (approx. $4,080 PA) and fire compliance ($1,000 PA approx)
* Annual rental increases by CPI, Current Market rent to apply at option.
* Well know and recognized real estate franchise - operated from this location for over 30 years (various different proprietors)
* Main Street freehold property are tightly held in Port Macquarie and not available too often -Act fast to secure the investment for the forward thinking buyer
* 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 4...
Raine & Horne Commercial
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 05...