3 Murray StreetPort Macquarie NSW 2444
Property Details for 3 Murray St, Port Macquarie
Last Listing description (February 2021)
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.
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.
Property History for 3 Murray St, Port Macquarie, NSW 2444
- 18 Feb 2021Sold for $1,600,000
- 02 Feb 2021Listed for Sale Expression of Interest
- 24 Apr 2018Listed for Sale $1.35 Million No GST Applie
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0About Port Macquarie 2444
The size of Port Macquarie is approximately 54.2 square kilometres. There are 61 parks, covering nearly 17.2% of the total area. The population of Port Macquarie in 2016 was 44830 people. By 2021 the population was 47693 showing a population growth of 6.4% in the area during that time. The predominant age group in Port Macquarie is 60-69 years. Households in Port Macquarie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Macquarie work in a professional occupation.In 2021, 63.70% of the homes in Port Macquarie were owner-occupied compared with 64.00% in 2016.
Port Macquarie has 29,125 properties. Over the last 5 years, Houses in Port Macquarie have seen a 20.25% increase in median value, while Units have seen a 27.55% increase. As at 31 August 2026:
- The median value for Houses in Port Macquarie is $949,237 while the median value for Units is $637,801.
- Houses have a median rent of $680 while Units have a median rent of $530.
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