145 Newcastle Street (AKA 30 Lyell Street) is a commercial unit titled development on a high-profile corner within the popular Fyshwick bulky goods retailing precinct.
Knight Frank is exclusively appointed to offer for sale 7 out of the 9 units within the development including:
1/30 Lyell Street vacant showroom 90 sqm
3/30 Lyell Street leased to Two Hand Café 87 sqm
4/30 Lyell Street leased to Smoko Pizzeria 87 sqm.
5 & 6/145 Newcastle Street leased to Cinajus & King Ape Supplements 334 sqm
Units 8 & 9/145 Newcastle Street vacant workshop 228 sqm
This is an outstanding opportunity to grow your commercial investment portfolio or secure a vacant unit for your growing business needs.
An acquisition of all the available units in-one-line would generate a combined unit area of 835 sqm. As at 1 November 2022 the estimated net income fully leased (ex GST) is $109,668 with a WALE of 1.63 years. The available units consist of 7 out of 9 units on a busy corner in Fyshwick having an Owners Corporation site area of 1,967 sqm.
The various units are being offer for sale either individually, multiple units or in-one-line by Expressions of Interest (EOI) closing Tuesday, 6 December 2022 at 4.00pm (AEDT).