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128 William St - Galleria Building 2,454 SF Office/Medical Condo Unit Offered at $924,331 in Port Macquarie, NSW 2444


Investment Highlights
- Multi level commercial building with retail and office tenancies
- Combination of retail suites and upper level office accommodation
- Access to nearby bus services and local road network
- Ground floor shopfronts with modern glazing and street exposure
- Secure basement or undercover car parking available
Executive Summary
128 William Street, Port Macquarie comprises a multi level commercial building commonly known as the Galleria, accommodating a combination of ground floor retail tenancies with upper level office suites. The building presents with modern shopfront glazing that enhances street exposure, supported by a contemporary layout that allows for a mix of small to medium sized tenancies suitable for a range of commercial uses. Tenancies within the building are typically fitted with air conditioning, suspended ceilings with integrated lighting, kitchenette facilities and access to shared amenities. The building also provides secure basement or undercover parking for selected occupiers, along with additional convenience created by a mix of established professional and service based tenants throughout the complex. The property is located within the Port Macquarie CBD along William Street, surrounded by retail shops, commercial occupiers and essential services including the local post office. Public transport is available via nearby bus stops, and the location provides access to the wider town centre and surrounding road network, supporting connectivity across Port Macquarie and the broader region.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.34% |
| Sale Type | Investment |
| Cap Rate | 6.34% |
The tenancy benefits from its position within an established building accommodating a mix of retail and office occupiers, supporting a functional working environment. The layout of the space allows for integration of workstations, meeting areas and support facilities, with the overall configuration suited to continuous single tenant occupation.
The existing lease extends through to June 2028 and includes two further option periods, supporting continuity of occupancy. The property is positioned within the Port Macquarie CBD, offering proximity to surrounding commercial businesses and services, and is suited to investors seeking an office holding with an established tenancy arrangement.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 & 8 | 2,454 SF | Office/Medical | $924,331 ($376.66/SF) | $58,572.77 |
Unit 5 & 8
| Unit Size |
| 2,454 SF |
| Condo Use |
| Office/Medical |
| Price |
| $924,331 ($376.66/SF) |
| NOI |
| $58,572.77 |
Unit 5 & 8
| Unit Size | 2,454 SF |
| Condo Use | Office/Medical |
| Price | $924,331 ($376.66/SF) |
| NOI | $58,572.77 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| Description | |
| Suite 5 & 8 comprises two adjoining office suites combined to form a single commercial space with a total area of approximately 228 square metres. The space is located within a multi level commercial building and is configured to support a larger office layout, suitable for professional or administrative use. The combined floorplate provides flexibility for open plan workspace alongside partitioned areas, allowing for efficient occupation by a range of users.<br> <br> The tenancy benefits from its position within an established building accommodating a mix of retail and office occupiers, supporting a functional working environment. The layout of the space allows for integration of workstations, meeting areas and support facilities, with the overall configuration suited to continuous single tenant occupation.</li></ul> | |
| Sale Notes | |
| Suite 5 & 8 is offered for sale as a combined office tenancy within the Galleria building in Port Macquarie, providing a total area of approximately 228 square metres. The tenancy is fully leased to an established occupier, generating an annual net income of $83,645.43 plus GST, with the tenant responsible for all outgoings including council rates, water and strata levies.<br> <br> The existing lease extends through to June 2028 and includes two further option periods, supporting continuity of occupancy. The property is positioned within the Port Macquarie CBD, offering proximity to surrounding commercial businesses and services, and is suited to investors seeking an office holding with an established tenancy arrangement.</li></ul> |
Property Facts
| Total Building Size | 36,705 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 18,352 SF |
| Property Subtype | Medical | Tenancy | Single |
| Building Class | C | Lot Size | 0.97 AC |
| Total Building Size | 36,705 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 18,352 SF |
| Tenancy | Single |
| Lot Size | 0.97 AC |
Amenities
- Kitchen
- Reception
- Storage Space
- Central Heating
- Natural Light
- Partitioned Offices
- Recessed Lighting
- Air Conditioning
- Balcony
- Smoke Detector
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128 William St - Galleria Building
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