FOR SALE
$795,000 plus GST

25 Merrigal Road
Port Macquarie NSW 2444

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1400m2
Land area: 1400m2
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Undeveloped Industrial land - Rare Opportunity

* Ideal opportunity to relocate/expand your own business, or for an investor/developer to construct industrial space for lease, subject to council approval.
* Land Area of 1,400 sqm approx - Approximate dimensions of 28m x 50m
* Zoned General Industrial
* Level, fenced and gravel sealed.
* Monthly expired lease in place providing passing income of $2,166 PCM + GST, Tenants mow lawns, Water paid by lessor
* Council rates are $4,741.00 PA approx (paid by lessor), ratable value - $791,000 for land tax assessment
* Continue the monthly lease income whilst you make plans for your own shed.
* Indicative plans available showing a 625 sqm warehouse building development
* For further information please call Raine & Horne Commercial
- Luke Horton 0417 406 414
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Property Details for 25 Merrigal Rd, Port Macquarie

Building Type
Commercial
Floor Size
1400m2
Land Size
1400m2

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About Port Macquarie 2444

The size of Port Macquarie is approximately 54.2 square kilometres. It has 61 parks covering nearly 17.2% of total area. The population of Port Macquarie in 2011 was 41,491 people. By 2016 the population was 44,857 showing a population growth of 8.1% in the area during that time. The predominant age group in Port Macquarie is 60-69 years. Households in Port Macquarie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Macquarie work in a professional occupation. In 2011, 64.9% of the homes in Port Macquarie were owner-occupied compared with 64% in 2016.

Port Macquarie has 28,828 properties. Over the last 5 years, Houses in Port Macquarie have seen a 50.17% increase in median value, while Units have seen a 60.30% increase. As at 30 November 2024:

  • The median value for Houses in Port Macquarie is $878,042 while the median value for Units is $606,792.
  • Houses have a median rent of $620 while Units have a median rent of $480.
There are currently 169 properties listed for sale, and 97 properties listed for rent in Port macquarie on OnTheHouse. According to CoreLogic's data, 1151 properties were sold in the past 12 months in Port macquarie.

Suburb Insights for Port Macquarie 2444

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Luke Horton
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Raine & Horne Commercial Port Macquarie
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.