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Wauchope, 24 High Street

Commercial In The Heart Of Wauchope CBD

$700,000 Incl GST

Listing Number: NPM7986
About this listing
Street fronting commercial investment properties in Wauchope are a rarity. This small arcade is in a great location with news agency, chemist and banks nearby. It is on a busy foot traffic thorough fare. Long term solid tenants are in place making this commercial property appealing to an investor or occupant. It could be suitable for redevelopment,(subject to council approval), to enhance potential income earnings. Current returns over 7.3% net.The block is 385 sqm and zoned B2 Local Centre.
For more details or an inspection call your Harcourts agent.
Property Information
  • Floor Area: 385.7 sqm
  • Tenure: Fee Simple
  • Property Type: Office, Retail, Tenanted Investment
  • Tenancy: Total rental if more than 1 tenancy $ (+ GST): $56,008 PA, Additional Details: Waste management / grease trap costs $554 pa Water usage is reimbursed for Shop 1 No other reimbursements for outgoings
  • Tenancy 1: Area Sqm: 96, Commencement Date: 01 March 2009, Expiry Date: 28 February 2014, Rental net/gross p.a.: 25000, Tenant Name: Fuzzy Ducks Cafe, Term (years): 5 x 5
  • Tenancy 2: Area Sqm: 52.8, Commencement Date: 17 December 2017, Expiry Date: 17 June 2018, Rental net/gross p.a.: 7800, Tenant Name: T Fredericks
  • Tenancy 3: Area Sqm: 58.8, Commencement Date: 09 November 2015, Expiry Date: 08 November 2016, Rental net/gross p.a.: 6500, Tenant Name: Dark Alley Coffee, Term (years): 1x2x2
  • Tenancy 4: Area Sqm: 45.6, Rental net/gross p.a.: 4800, Tenant Name: Amy Hubers, Term (years): expired lease
  • Tenancy 5: Area Sqm: 50.4, Rental net/gross p.a.: 3600, Tenant Name: Vicki Burrows, Term (years): expired lease
  • Tenancy 6: Rental net/gross p.a.: 3600, Tenant Name: Currently Vacant
  • Tenancy 7: Area Sqm: 58.8, Rental net/gross p.a.: $4,727.27 ($100 pw), Tenant Name: No details advised

Contact Details

Harcourts Greater Port Macquarie

Wauchope Branch: 56 High St, Wauchope
Port Branch: 3/41-47 Horton St, Port Macquarie
Office website

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