* Cafe premises with shop area of 98 sqm approx, located in well known "Colonial Arcade", part of the retail heart of the main street in Port Macquarie
* In addition to the shop premises is two (2) secure basement car spaces on title.
* The Colonial Arcade comprises of 15 separately owned ground floor shops offering a variety of retail, food and office service providers, plus 8 First floor office tenancies
* Being sold subject to existing lease which is for a period of 3 years commencing late 2016, plus 3 year option to extend.
* Premises is currently set up and utilised for food usage with inclusions in the sale contract of: Air conditioning, Coolroom, Stainless steel benches, sinks and counters, plus Range hood and grease arrestor.
* Valuable customer parking at the door step plus access to all day parking within a short walk for staff.
* The location benefits from many established businesses close by increasing pedestrian traffic flow, including Port Central Shopping Centre with over 50 Specialty shops, ensuring a strong mixture of customers being drawn in and around the arcade.
* Net income of $21,456 PA GST Ex approx. (After council rates and stata levies expenses are paid by property owner)
* Annual rental increases by CPI
* Bond in place and lodged with the Office of Fair Trading
* Outgoings payable by property owner - comprising of Council Rates at $2,800 PA approx. and Strata Levies at $1,740 per Qtr.
* Ideal for SMSF or investors looking to add an easily managed property to their portfolio.
* Port Macquarie Hastings has a strong resident population of 80,261 people. The population is forecast to grow by over 28% to 102,926 by 2036.
* We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
* Call Raine & Horne Commercial Port Macquarie
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 0544
