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Sold on 21 Jun 2019

4/75-77 Clarence Street Port Macquarie NSW 2444

  • Offices
  • 185 m²
  • Sold

Rare Affordable NSW Government Leased Investment

For Sale By DPT - Indicative Price $1.25M Yield 6% - Closing 4pm 16 May 2019

Secure 5 year lease to 2021 + option to 2026
Government tenant: Environment Protection Agency (EPA)
Waterside location in the heart of Port Macquarie
Port Macquarie, established coastal City undergoing rapid growth
Population forecast to soar by over 24% to 103,993 by 2036
Modern building recently constructed in 2007
Large & bright 185 sqm office with brilliant water views
2 valuable basement car parks on title
Guaranteed rental growth, fixed 2.5% annual rental increases
Net lease, tenant pays outgoings, as per the lease
Strong tenant commitment, significant tenant upgrade in 2019
Easily managed, Government tenant investment
Net Income: $75,382 pa + GST

Property Highlights

Property ID2015155085
Date Sold21 Jun 2019
Floor Area185 m²
Land Area211 m²
ParkingAsk Agent
Category
Last updated  1 May 2019
Map for 4/75-77 Clarence Street Port Macquarie NSW 2444
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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