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 10/07/2025 current rent $17,695.97 per annum
14b - 1 x 2 year lease commenced 01/01/2025 current rent $10,745.90 per annum
Gross income $27,891.48 per annum
Outgoings include Council Rates of $583 per quarter and Strata Levies of $1,137.50 per quarter
Nett Income is $21,009.48 per annum
Returning approx 7.03% per annum - an excellent long term investment in the heart of Port Macquarie Central Business District
Property ID: #1P1383
