11/128 William Street Port Macquarie NSW 2444
- Shop & Retail
- 52 m²
- For Sale, $495,000 (GST na)
Stunning 8.5-9.5% Returns with Secure Long-Term Tenant in Place
- > 8.5-9.5% 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.
|Supporting Document 1|
|Floor Area||52 m²|
|Land Area||71 m²|
|Parking||1 x Onsite parking|
|Building Type||Partial building|
|Last updated||26 Jul 2020|