* Being sold subject to lease to RV Central Caravans in occupancy since 1 October 2016 approx
* Continue as an investment or take advantage of holding income whilst you prepare for your own use or re-development
* Lease expires 31 Oct 2024, there is no lease option to extend, however preliminary discussions with tenant are positive towards a renewal of lease
* Current rental is $197,924 PA plus GST Nett + Lessee pays 100% Outgoings including council rates, building insurances, water, and land tax
* Land tax is based upon single assessment basis - rateable value $1,087,000 Dec 2022, figures provided by Vendor
* Sought after prime Hastings River Drive location, located opposite established Harvey Norman Retail Centre, adjoins Toyota/Lexus Motor dealerships and marine dealership, Aldi Supermarket, ARB superstore close by
* Surplus to owners requirements
* Current usage is Motor Vehicle Display Yard (Caravans) with workshop and sales office
* This prime site offers a large hot mix sealed site site area of 3,401 sqm approx with 51m frontage onto high exposure Hastings River Drive
* Benefits from drive through rear access
* Improvement include;
- 94.5 sqm demountable site office with attached awning of 52 sqm and carport structure of 30 sqm approx
- main warehouse of 427.5 sqm approx (28.5m x 15m) including under awning wash bay
- smaller warehouse of 122.4 sqm approx (9m x 13.6m)
* inclusions - 3 phase power, LED lighting, air conditioning to office, rain water tank, wash down separator pump
* Land Zoning is E3 Productivity Support, which offers a very wide array of permitted uses - with consent including; Business premises; Community facilities; Centre-based child care facilities; Depots; Food and drink premises; Garden centres; Hardware and building supplies; Industrial retail outlets; Industrial training facilities; Information and education facilities; Landscaping material supplies; Light industries; Local distribution premises; Office premises; Places of public worship; Plant nurseries; Recreation areas; Recreation facilities (indoor); Respite day care centres; Specialised retail premises; Storage premises; Take away food and drink premises; Vehicle body repair workshops; Vehicle repair stations; Vehicle sales or hire premises; Veterinary hospitals; Warehouse or distribution centres; Wholesale supplies
* A very tightly held strip of entry corridor commercial land, only 2km from CBD
* Sale inclusions
1. Both large and small warehouses
2. The demountable office with awning and car port attached
3. Separator pump
4. Water tank
5. Fire compliance equipment
6. Office and warehouse LED Lighting
7. Office air conditioning system
8. Pylon signage
9. Front fencing
* We have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and seek their own investment advice.
* Call Raine & Horne Commercial
- Luke Horton 0417 406 4...
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 05...