Shops 14/25-27 Hay Street, Port Macquarie NSW 2444

$310,000

Commercial Investment

A great investment located in the popular Colonial Arcade in Port Macquarie adjacent to Port Central and accessed via Hay Street or Horton Street.

2 solid tenancies as follows

14a - 3 x 3 year lease commenced 10/07/2022 current rent $16630.00 per annum
14b - 1 x 2 year lease commenced 01/01/2024 current rent $10,400.04 per annum

Gross income $27,030 per annum

Outgoings include Council Rates of $583 per quarter & Strata Levies of $1,137.50 per quarter

Nett Income is $20,148 per annum

Returning approx 6% per annum - an excellent long term investment in the heart of Port Macquarie Central Business District

Property Details

• Type: Retail, Offices
• Building Area: 59 m² (approx)
• Land Area: 59 m² (approx)
• Outgoings: 6822.00
• Tenancy: Vacant