First National Commercial Shultz / Taree are pleased to offer For Sale two adjoining freehold titles located in the heart of Taree CBD known as 8 & 10-12 Manning Street, Taree.
Situated along the busy retail strip of Manning Street, both buildings are offered with new leases in place and provides long term investment or potential future redevelopment opportunities.
8 Manning Street -New 3 year lease to New Era Technologies -Refurbished 2 level premises with internal stair access and amenities -120sqm approx. total internal area -Glass shop front with high exposure to passing Manning Street traffic -Annual Net Rental: $28,500pa + GST -Lessee responsible for 100% of outgoings including council, water and insurance
10-12 Manning Street -Existing 3 year lease to ground floor tenants H&R Block with open plan modern layout -New 2 Lease to First Floor office tenants ARTC (Australian Rail Track Corporation) -Total building area - 330sqm approx. over both levels -Separate tenancy access and amenities -Ample on street parking plus rear access to large public car park -Neighbouring retail tenants including IGA, Reject Shop, Flight Centre, Best n Less and NRMA -Total Gross income: $66,722pa Gross + GST (Estimated $55,500pa + GST Net Income)
To be sold together in one line or available separately:
8 Manning Street, Taree - $449,000 as a going concern 10-12 Manning Street, Taree - $899,000 as a going concern
For further particulars or to arrange a private inspection, please contact Dan Shultz on 0408 653 022 or email dan@shultzcommercial.com.au
