35 Northcott Drive, KOTARA, NSW, 2289

Burgess Rawson and Commercial Collective are pleased to present this prime investment in the heart of Newcastle’s premier commercial and retail precinct at Kotara (Newcastle).

Freehold site 5,171 sqm

Building GBA circa 1,817 sqm*

B2 Local Centre zoning

Main road exposure & profile

Officeworks renewed 5-year lease + options to 2036

Fins Swim School new 7-year lease + options to 2048

Combined net income $644,710 per annum

61 car parking spaces

2 x 100kW solar energy systems

Entire new roof installed 2020

Kotara is known as one of Newcastle's largest and most important retail destinations, covering a massive trade catchment encompassing the entire Hunter Region.

Unrivalled position adjacent to Westfield Shopping Centre, hosting 280 stores and Kotara Home World with major anchor tenants including JB Hi-Fi, Dan Murphy's, Domayne, Aldi and Bunnings Warehouse. Historically nil vacancy rates of similar sites within the precinct.

35 Northcott Drive represents 12% of the balance of B2 land not held by the above centres, demonstrating the tightly held nature of a land holding of its size, zoning and position.

Outstanding opportunity to acquire a prime Wesfarmers anchored investment with long lease expiries and rich land content.

For Immediate Sale

Indicative Price $14,000,000 (circa 4.60%)

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