15 Gertrude Street Cardiff South NSW 2285

Shop & Retail
469 m²
Sold

Torrens titled shopping centre

Current net income $133,023pa (plus GST)
6.50 years by income (as at 18 Nov 2021)
R2 Low Density Residential zoning

Colliers are pleased to present 15 Gertrude Street, Cardiff South For Sale via Public Auction on Thursday 18 November 2021 at 10:30am.

The subject property comprises a Torrens titled neighbourhood shopping centre benefiting from a prominent corner position. The property comprises 449sqm* of building area incorporating six tenancies plus a 20sqm license agreement to a coffee van operation. The building currently occupies 36% of the total site area with the balance accommodating approximately 17 car spaces across a recently updated car park area.

Cardiff South is a suburb in the city of Lake Macquarie and is located approximately 14 kilometres south west of Newcastle's CBD. The subject property has a particularly strategic location, as a result of Gertrude Street often being used as a shortcut thoroughfare for commuters in both directions to Cardiff and Charlestown. This is a locational advantage for the businesses within the centre as foot traffic is driven by the dense immediate residential catchment as well as passing traffic.

For further information on this opportunity please contact Michael Chapman on 0402 724 841 or Ben Robinson on 0402 211 392.

*Approximate