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118-120 Newcastle Road, WALLSEND, NSW, 2287

+11 Photos

+13 Photos

SOLD

118-120 Newcastle Road, WALLSEND, NSW, 2287

Properties / Sold / New South Wales / Wallsend

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Contact Agent

Land Area

3,082 m² (*approx)

Floor Area

1702 m² (*approx)

Property Type

Retail, Industrial

Est. Income

$305,164 p/a

Show All

2. Property Highlights

Prominent Multi-tenanted Retail Warehouse Investment Opportunity Located on Major Arterial Road

Prime Location on Major Arterial Road
Significant Land Size of 3,082sq m*
Strong Potential Rental Reversion

The Savills Metropolitan & Regional sales team are pleased to present to the market 118-120 Newcastle Road, Wallsend. Three prominent retail warehouse buildings located on a tightly held major arterial road (Newcastle Road).

• Dual-street frontage with 25* on-grade car parking spaces

• Total annual net income (fully leased) of $218,600 * plus GST

• Rental reversion potential through re-letting Unit 3

• Demolition clause across both leases providing future flexibility

• Significant development potential for future repositioning (STCA)

• Zoned IN2 Light Industrial

• Located in Newcastle’s fastest growing suburb for retail warehousing, bulky retail and industrial with renowned tenants such as Aldi, Woolworths, Reece and TJM in the immediate precinct

• Extremely high levels of passing vehicular traffic with an average daily count of 33,052 (according to Newcastle City Council)

• Positioned to capitalise on the expanding Newcastle Western Corridor Urban Release Area

For further information, please contact one of the selling agents.

*Approx.

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

Property Type

Retail, Industrial

Est. Income

$305,164 p/a

Land Area

3,082 m² (*approx)

Floor Area

1702 m² (*approx)

Selling Method

EOI

Selling Details

Contact Agent

2. Property Highlights

Prominent Multi-tenanted Retail Warehouse Investment Opportunity Located on Major Arterial Road

Prime Location on Major Arterial Road
Significant Land Size of 3,082sq m*
Strong Potential Rental Reversion

• Dual-street frontage with 25* on-grade car parking spaces

• Total annual net income (fully leased) of $218,600 * plus GST

• Rental reversion potential through re-letting Unit 3

• Demolition clause across both leases providing future flexibility

• Significant development potential for future repositioning (STCA)

• Zoned IN2 Light Industrial

• Located in Newcastle’s fastest growing suburb for retail warehousing, bulky retail and industrial with renowned tenants such as Aldi, Woolworths, Reece and TJM in the immediate precinct

• Extremely high levels of passing vehicular traffic with an average daily count of 33,052 (according to Newcastle City Council)

• Positioned to capitalise on the expanding Newcastle Western Corridor Urban Release Area

For further information, please contact one of the selling agents.

*Approx.

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

Tenanted Investment