1 Showrooms For Sale in Charlestown, NSW 2290

Anticipated 8% Yield - Fully Leased Investment

Knight Frank Newcastle is pleased to present this quality retail investment opportunity to the market For Sale by Auction.

The property presents the opportunity to acquire a fully leased, purpose built automotive sales and maintenance centre occupied by the current tenant, the Kelly Trotter Motor Group, for 20 years.

Key Features:
- Long term tenure with the tenant in occupation for 20 years
- Net rental $440,000 per annum + GST
- Anticipated 8% yield based on price guide
- New 6 Year lease + options
- Annual rent reviews, the greater of CPI or 3%
- High exposure corner positio...