Shop 1/11 Clarence Street (Cnr Munster) Port Macquarie NSW 2444

* Established purpose built Cafe/Restaurant premises with lease in place to 'The Corner' Restaurant.
* Sold subject to existing lease.
* Prime corner position tenancy located in quality tourist accommodation building "Macquarie Waters" within CBD.
* Strata area 177 sqm approx comprising tenancy area of 125 sqm approx, plus 14 sqm approx basement coolroom/freezer room area + dry store and two (2) basement car spaces on title.
* Access to a large outdoor seating area through council licensed area.
* Five (5) years lease, annual rent reviews by 4%.
* lessee pays 100% Outgoings
Council Rates - $1,989.78 PA GST Exc
Strata Levies - $15,375.52 PA GST Inc
Land Tax - rateable value $63,794.00 - Nil
Water Charges - as incurred
* Food usage established in this location from completion of construction; since 2008 - purpose built for this usage.
* Continued occupancy since 2008 as "The Corner" restaurant, only been two operators in that time with second operators still in place
* Ample passing trade - accommodation above and surrounding this property and business trade.
* Tourist precinct.
* Modern, well presented building.
* Contact Luke Horton 0417 406 414
Raine & Horne Commercial for further information
Shop 3, 136 William Street, Port Macquarie
Ph 02 6584 0544