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1 Honeysuckle Drive Newcastle NSW 2300

  • Shop & Retail
  • 523 m²
  • For Sale, For Immediate Sale

Irreplaceable CBD Waterfront Investment - Circa 7% Net

5 year lease to January 2024 plus option to 2029
Key corner boardwalk position with easy access to CBD via new light rail
Dominant 523 sqm ground level corner retail + 2 car spaces
Bar/dining venue with stunning harbour views
Experienced operator boasting multiple F&B venues
Dense residential & commercial waterfront precinct adjacent Rydges Hotel & 300m from The University of Newcastle
Newcastle: 21% population growth expected by 2041
Annual 3% fixed increases
Net Income: $226,965 pa + GST

For Immediate Sale
> Indicative Price: $3,250,000 (Yield: circa 7%)

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015865137
Floor Area523 m²
Land Area1 m²
Parking2 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  12 Feb 2020
Map for 1 Honeysuckle Drive Newcastle NSW 2300
Map for 1 Honeysuckle Drive Newcastle NSW 23001 Honeysuckle Drive Newcastle NSW 2300
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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