3 Murray Street, Port Macquarie NSW 2444

Seeking an investment in one of the fastest growing locations on the eastern seaboard of Australia?

Not only is Port Macquarie a well known tourist hot spot, it is also in the top ten most populous locations in NSW. Large land releases in the area have seen tremendous growth in the local housing market, plus there are many planned apartment complexes commencing construction this year.
This Freehold CBD mixed residential and commercial building is in a highly desirable and popular location close to the foreshore of Port Macquarie. Surrounded by quality motels and apartment accommodation, major retailers, cafes, boutique shops, galleries, restaurants and professional offices.

Invest now with the comfort of excellent future development potential, with this site providing B3 Commercial Core zoning and a current DCP height limit of four stories.

Current improvements include a well maintained two story building, with three ground floor retail shops with direct street frontages to this busy precinct of the CBD, plus on the first floor there are two very well presented apartments.

The entire building is currently tenanted ( 100% occupancy ), with an outstanding Gross income of $92,149 P.A ( Inc GST ).

The 376.1 sqm site also provides drive through access to a rear carpark with three garages.

This is indeed a very rare opportunity to secure a blue ribbon site in the heart of the Port Macquarie CBD.

This property would suit a purchaser looking for a multiple income investment with strong returns.

For a full information pack (I.M), please contact exclusive listing agent, Martin Newell on 0429 883 488.

This property is being sold through an expressions of interest program set to close at 5pm on the 26th of February 2021. However the vendor encourages offers prior, and reserves the right to accept any offer and sell prior to the closing date.