This fantastic property presents a multi-tenanted investment opportunity in the tightly held East End of Newcastle. The property comprises five tenancies, consisting of four ground floor retail operators and a first floor office tenant. All of the tenancies have access to their own amenities and air-conditioning, while the ground floor shops have great street exposure with glass shopfronts opening onto Hunter Street.
The building sits on a commanding 335 square metre* parcel of land with a total building area of 581 square metres* over the two floors. The East End of Newcastle is currently undergoing a drastic urban renewal transformation with IRIS Capitals East End development of four city blocks, over three stages starting to take shape. Stages 1 and 2 are 100% sold and leased, with over 376 apartments sold with national retail tenants such as Woolworths Metro, CBA, The Greater and Betty's Burgers benefitting off the increased foot traffic and density coming back into the city. Stage 3 is currently on the market with another
200 apartments to be built.
For Sale by Private Treaty | For further information please contact the exclusive sales agents.
*Approximate.
