FOR SALE
$310,000

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

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 59m2
Land area: 59m2
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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 for Shops 14/25-27 Hay St, Port Macquarie

Building Type
Commercial
Floor Size
59m2
Land Size
59m2

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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 28,834 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 170 properties listed for sale, and 100 properties listed for rent in Port macquarie on OnTheHouse. According to CoreLogic's data, 1169 properties were sold in the past 12 months in Port macquarie.

Suburb Insights for Port Macquarie 2444

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Ross Lindsay
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Harcourts Greater Port Macquarie
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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.