Solid Investment - Newcastle CBD
Located in the Hunter Street Mall, this prominent stand-alone building is part of the flourishing East End precinct. The property comprises a four level brick building, with a tenancy mix of retail and commercial users.
Close to public transport, restaurants, cafes, pubs and increasing residential development. This well renowned strip also includes a diverse range of retail boutiques and commercial services including Newcastle Post Office, medical and financial facilities.
This is an excellent chance to acquire a quality investment property in the revitalised Newcastle CBD. A value add opportunity of either a direct income increase with the introduction of additional tenancies and/or the redevelopment/refurbishment of the building for mixed use.
NLA - 1,321 m2
Land Size - 420 m2
Net Income - $90,032 pa
Potential Net Income - $167,000 pa
Newcastle City CouncilTenure type
All prices quoted are exclusive of GST.