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Sold on 21 Jun 2024 - Price Unavailable

10/25-27 Hay Street
Port Macquarie NSW 2444

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Property Details for 10/25-27 Hay St, Port Macquarie

Building Type
Commercial
Local Government
Port Macquarie-Hastings

Last Listing description (September 2024)

Boasting a prime position in Port Macquarie's iconic Colonial Arcade this long time held commercial premises presents an outstanding opportunity for the astute investor. A reliable tenant with a remarkable occupancy history of over three decades offers an immediate source of income, making this a hassle free addition to your property portfolio.

The premises is immaculately presented with brand new flooring throughout, reverse cycle air conditioning, prominent signage, and expansive glass frontage. With an internal space of 94.8m2 the spacious layout is easily accessible and incorporates two storage areas at the rear and a kitchenette. There are two secure basement car spaces with the added bonus of potential to lease out one, providing opportunity for an additional income stream.

The Colonial Arcade comprises a diverse mix of retail outlets and upstairs offices, with convenient walk-through access to the Main Street and only metres from Port Central Shopping Centre. This premier location enhances appeal and makes it a desirable choice for businesses looking to establish a strong presence in the thriving business community of ever growing Port Macquarie.

A solid foundation for long-term success, for further details on this exceptional commercial premises please contact Michael Nardi on 0435 596 604.

- Long-term tenant with over 30 years of history
- Immaculate premises with 94.8m2 of internal space
- CBD location accessible from Main Street
- Metres to Port Central Shopping Centre
- Strong visibility and prominent signage
- Lucrative investment with stable income
- Surrounded by well established businesses
- Potential to lease out basement car spaces
- Ground floor-suitability for offices or retail usage

Property History for 10/25-27 Hay St, Port Macquarie, NSW 2444

A timeline of how this property has performed in the market
Last Sold
21 Jun 2024
  • 21 Jun 2024
    Sold
  • 09 Apr 2024
    Listed for Sale Sold

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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 28,653 properties. Over the last 5 years, Houses in Port Macquarie have seen a 52.38% increase in median value, while Units have seen a 47.25% increase. As at 31 October 2024:

  • The median value for Houses in Port Macquarie is $884,055 while the median value for Units is $571,783.
  • Houses have a median rent of $620 while Units have a median rent of $480.
There are currently 177 properties listed for sale, and 109 properties listed for rent in Port macquarie on OnTheHouse. According to CoreLogic's data, 1144 properties were sold in the past 12 months in Port macquarie.

Suburb Insights for Port Macquarie 2444

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LJ Hooker Port Macquarie | Wauchope
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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.