* CBD premises of 70 sqm approx, located in "Peachtree Walk Arcade", part of the retail heart of the main street in Port Macquarie
* The arcade comprises of 22 separately owned shops offering retail, food and office service providers.
* Being sold subject to existing lease which is 5 years commencing 2016, plus 5 year option to extend.
* Current tenant established operation in these premises in 2011.
* The property benefits from both internal arcade access and direct street frontage at the Hay Street end of Peachtree Walk Arcade allowing wider trading hours at the discretion of the occupant.
* Valuable customer parking at the door step plus access to all day parking within a short walk.
* The location benefits from many established businesses close by increasing traffic flow, including Port Central Shopping Centre with over 50 Specialty shops, ensuring a strong mixture of customers being drawn in and around the arcade.
* Net income of $29,464 PA GST Ex. (After expenses)
* Annual rental increase by CPI
* Outgoings payable by property owner - comprising of Council Rates at $3,801 PA and Strata Levies at $1,155 per Qtr.
* Ideal for SMSF or investors looking to add an easily managed property to their portfolio.
* Port Macquarie Hastings has a strong resident population of 80,261 people. The population is forecast to grow by over 28% to 102,926 by 2036.
* We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
* Call Raine & Horne Commercial Port Macquarie
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 05...