Busy retail arcade + offices
Backs on to site for proposed supermarket
Current rents approx. $164,000 p.a.

Located in the heart of Maclean on the Clarence River, 18kms inland from Yamba and 45 kms north of Grafton.

Comprises a busy retail arcade with 11 shops and 8 office suites on first floor.

The ground floor shops are fully leased to a mix of tenants and 2 of the office suites are presently leased.

The arcade is one of the main pedestrian links between River Street and the town car park to the rear. There is a proposal for the car park site to be re-developed as a supermarket plus parking and if this proceeds the arcade should continue to benefit from high pedestrian flows.

Total current rents are approximately $164,000 p.a. plus recovery of outgoings.
There is potential to add income through upgrading and further leasing of the first floor office suites.

The property is being sold by Expressions of Interest closing Thursday 8 November 2012.