764 Fernbank Creek Road, PORT MACQUARIE NSW 2444
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- Hotel / Leisure, Retail, Rural / Farming
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- 13 Sep 2016
Rare Award Winning Winery Investment with Upside. New 10 Year Lease in Iconic Highway Location.
New secure 10 year leased to Cassegrain Winery to 2026 + options to 2046.
Cassegrain Winery; largest wine producer and exporter in the region, this site since 1986.
Port Macquarie Hastings LGA generates $3.14 billion in GRP.
Catchment population of 79,144 people expected to swell by over 30% to 102,926 by 2036.
Winery includes stunning French restaurant, bottling line and modern warehouse.
Tesla Supercharger for up to six vehicles.
Large 13.5 hectare site with 4,901 sqm of high quality improvements.
Pacific Highway: major highway connecting Sydney and Brisbane traffic flow of approximately 16,000 cars per day.
Net lease with the tenant responsible for the payment of outgoings as per the lease.
Easily managed single tenant investment.
Potential to further develop the property for tourism related uses (whilst still retaining the full net income from Cassegrain Winery) STCA.
Further potential to negotiate the purchase of the adjacent SP3 Tourist zoned site (16.19 ha).
Net Income: $180,000 pa + GST.
(Note: Business not for sale)
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
764 Fernbank Creek Road PORT MACQUARIE