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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
  • Unit 5 & 8
  • 2,454 SF
  • Office/Medical
  • $924,331 ($376.66/SF)
  • $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.

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.
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.

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 &amp; 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 &amp; 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

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
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
  • Listing ID: 40858277

  • Date on Market: 6/10/2026

  • Last Updated:

  • Address: 128 William St, Port Macquarie, NSW 2444

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