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Affordable Optometrist Retail Investment. Recent 7 Year N...

29 Horton Street, PORT MACQUARIE NSW, 2444

Sold

Property Sold in 29 Horton Street, PORT MACQUARIE NSW, 2444

Burgess Rawson Sydney

Level 18, 15 Castlereagh Street, Sydney, NSW 2000

Listing ID:
11203660
Status:
Sold
Price:
Contact Agent
Last Updated:
16/12/2018
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Property Type

Medical/Consulting/Retail/Offices
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Land Area

0 SQM
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Floor Area

1 SQM
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Parking

N/A

Affordable Optometrist Retail Investment. Recent 7 Year Net Lease.

Port Macquarie: large city on the mid north NSW coast.
Strong resident population of 79,144, expected to swell by over 30% to 102,926 by 2036.
Regional centre status generating $3.14 billion in GRP.
Large retail area plus self contained consulting areas.
Absolute prime main street retail with high exposure.
Ideally located near the shores of the Hastings River.
Set opposite Target and surrounded by national retailers and major banks.
Net Income: $70,703 pa + GST.

Recent 7 year leases to 2023 + options to 2028.
Established tenants with strong trading positions.
High profile retail properties in strong capital city and regional locations.
Popular medical retail investment asset class.
Net leases: tenants pay usual outgoings, as per leases.
The tenant, IPIC Pty Ltd, is the owner of George & Matilda Eyecare, a dynamic Australian owned optometry collective.

Investment offerings within this portfolio are (to be sold individually):
Ascot (Brisbane) QLD
Bundaberg QLD
Gympie QLD
Noosaville QLD
Wauchope NSW

For more details, please email agent

Burgess Rawson Sydney

Level 18, 15 Castlereagh Street, Sydney, NSW 2000


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