Located in the heart of regional Newman is this significant complex of 15 individual strata titled commercial units to be sold in one line, with a range of quality tenants in place, the return is already significant, and the potential upside huge.
With leases currently in place to a range of tenants including Minister for Works, Mt Newman Furniture and Bedding, Ashburton Aboriginal Corporation, Charmers Jewellers, Newman Bakery and more, fully leased at current market rates has potential to yield a significant 14% net or more.
Substantial Commercial opportunity
Exclusive Town Centre location
14 individual strata units
Total floor approx. 974m2
Potential returns above 14%
if fully leased in the current market
To be sold in one line
The Town Centre zoning provides a wide range of commercial uses, and the potential to onsell individual units and profit is significant. As well there is potential to further develop, or renovate and reap the rewards.
For more information contact Crawford Realty’s Commercial and Industrial Specialist Eliza Mearns on 0416 048 929 today.
