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978-980 Hunter Street, NEWCASTLE WEST, NSW, 2302

+22 Photos

+24 Photos

SOLD

978-980 Hunter Street, NEWCASTLE WEST, NSW, 2302

Properties / Sold / New South Wales / Newcastle West

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

Contact Agent

Land Area

1,808 m² (*approx)

Floor Area

3193 m² (*approx)

Property Type

Retail, Other, Industrial

Sub-type

Strip Retail, Mixed Use

Est. Income

$522,000 p/a

Show All

2. Property Highlights

Prized Blue-Chip Retail Investment

New 5 + 5 + 5 year lease
Renowned national tenant
Significant future development potential

*** EOI is closed - Offers under consideration ***

The Savills NSW Metropolitan & Regional Sales Team are pleased to present to the market, the opportunity to acquire 978-980 Hunter Street, Newcastle West.

• High profile retail freehold of 3,193sq m*

• Fully leased to Fantastic Furniture

• Brand new 5+5+5 year lease – comm. 1 October 2020

• Large landholding of 1,808sq m*

• Significant future development upside – with B4 zoning allowing a 20 storey* project

• Prime Newcastle CBD location surrounded by national and global retailers

• Current net income: $522,000 per annum*

• Rear lane access with loading dock

• Prime Newcastle CBD location surrounded by national and global retailers, such as Aldi, Woolworths, BMW and Anytime Fitness

• Extremely high levels of passing vehicular traffic with an average daily count of 31,294*

• A premium investment opportunity not to be missed!

For further information please contact the agents below.

*Approx.

Remember to mention you found this property on CommercialReady.com.au