Skip to main content
11/128 William Street
Port Macquarie NSW 2444
SearchBack to results
Sold on 19 Apr 2021

11/128 William Street Port Macquarie NSW 2444

  • Shop & Retail
  • 52 m²
  • Sold

Stunning 7.7% Net Yield ROI & 11.4% Gross Yield ROI

  • > 7.7% Net Yield ROI & Prime Location
  • > In excess of $42,800.00 pa Gross
  • > 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 10.4% 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 Documents

Supporting Document 1
Tony Bransdon Property Group
Tony Bransdon Property Group
PO Box 66
Port Macquarie, NSW 2444

Property Highlights

Date Sold19 Apr 2021
Floor Area52 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2016338908
Category
Last updated  19 Apr 2021
Map for 11/128 William Street Port Macquarie NSW 2444

Nearest transport* to 11/128 William Street Port Macquarie NSW 2444

Bus
Short St After Hayward St118 m
Short St Before Barracks Lane143 m
Short St Before Hayward St158 m
Short St After Barracks Lane180 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
Did you find this helpful?
Yes
No
Tony Bransdon Property Group
Tony Bransdon Property Group
PO Box 66
Port Macquarie, NSW 2444

Property Highlights

Date Sold19 Apr 2021
Floor Area52 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2016338908
Category
Last updated  19 Apr 2021

Listed by

Tony Bransdon Property Group
Call
0410679632

More about 11/128 William Street Port Macquarie NSW 2444

11/128 William Street Port Macquarie NSW 2444 is categorized as Shop & Retail Property. It has a floor area of 52 m². There are 1 x onsite parkings.The listing ID for this property is 2016338908.

More Shop & Retail properties for Sale in Port Macquarie NSW

Sold$1,550,000
80 william street,port macquarie, NSW 2444
382 m²
Shop & Retail
Sold
21/78 horton street,port macquarie, NSW 2444
104 m²
Shop & Retail
Sold
125 gordon street,port macquarie, NSW 2444
1,655 m²
Shop & Retail