50 Commerce Street

Wauchope NSW 2446

* All units with large roller shutter access front and rear, individual power metering, each has amenities, and Unit 1 including glass shopfront entry to air conditioned showroom area with mezzanine storage above.
* In addition to the buildings the site offers associated hardstand driveways and current onsite car parking areas for 20 spaces approx plus disabled
* Rear access and rear shutters to each unit
* Dual drive ways
* Security fenced
* The plans indicate a further industrial unit of 216 sqm approx (Unit 4) can be developed, however a larger building footprint may be achieved with an amended DA plan as typical site coverage can be up to 50% buildings (STCA)
* The current total rental being collected is $82,113.59 PA (GST Exc) for Units 1, 2 & 3 with 75% contribution toward Council rates
* Nett income to owner is $76,000.00 PA (GST Exc) after allowing for the 25% of remaining Council Rates and Building Insurances costs (paid by Lessor).
* Lease term is long term 3 year commenced 27.10.22 plus 3 year option to extend
* Solid tenant in place - Newton blinds - local reputable company - same blinds construction tenant in place since building constructed - circa 2000.
* High level of infrastructure and investment by lessee would suggest they are in place for the long term.
* Total Council rates charges are $3,249.52 PA
* if the additional 216 sqm unit is added, rental return would likely increase by a further $25,000 PA to the current performance ie: nett income to owner to increase to circa $101,000 PA ex GST
* Great opportunity to extend and lease extra unit or occupy yourself, or perhaps convert to strata and sell off each unit to recoup funds
* For further information please call Raine & Horne Commercial
Luke Horton - 0417 406 414
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 0544