Auction Wednesday 5 May 2021 at 11am
The Auction will be held at Novotel Newcastle Beach - 5 King Street, Newcastle
Located on Stockton's busy local retail strip, this fully leased investment is anchored by along term tenant and offers a recently commenced ve year lease expiring November 2025.
The property has a site area of 344sqm* and has on-street parking and easy access to public transport including ferry and bus networks.
- New five year lease until 2025 with options
- Current income $60,000* net pa + GST
- Diversified income - Australia Post and newsagency
- 1 bedroom apartment attached to commercial premises
- High underlying land value
- Future vertical development potential (STCA)
*Approximately