INDUSTRIAL INVESTMENT
18 Blackbutt Road
Port Macquarie NSW 2444
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INDUSTRIAL INVESTMENT

Our vendors are leading motor dealers in Port Macquarie and on the Mid North Coast of New South Wales with 4 major dealerships and 8 franchises in various locations.

They have decided to relinquish their interests in this property and have decided to sell on a 5 x 5 year leaseback at settlement.

Lot 5 in Strata Plan No. 53470 and Lot 7 in Strata Plan No. 99532.
Total Land Area is 1,262m2 which includes 143m2 of car space (total of 12 car spaces) and 382m2 of vacant land (approx).
Building is a modern concrete tilt-up design and construction which totals 710m2 of display, office and workshop area plus 83m2 of mezzanine (approx).
Usage onsite is associated with automotive trade.
Vacant land area could be built upon adding to the investment (subject to Council Approval).
Zoning: IN1 General Industrial
Year 1 Rent will be $78,100 + GST with all rates, water and strata fees to be paid by the tenant.
Years 2 5 rents will be increased at CPI rate.
Year 1 net returns will be 6.248%.
No GST will apply to the sale price as the sale is the supply of a going concern.

ASKING PRICE - $1,250,000

** Due to the current COVID-19 crisis, our Vendors have agreed to offer the purchaser to pay 6 months rent in advance at settlement date so as to provide the buyer with a degree of confidence on the payment of the agreed rent **

AN INVESTMENT LOCATED IN A PROGRESSIVE INDUSTRIAL PRECINCT.
Address 18 Blackbutt Road, Port Macquarie
Price $1,250,000
Property Type commercial
Property ID 4
Category Industrial/Warehouse
Land Area 1,262 m2

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Jessica Cassegrain

0427039482
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