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Sold on 25 Nov 2019

11 Steel Street Newcastle West NSW 2302

  • Retail
  • 357 m²
  • Sold, $0

Hospitality Investment

Under instructions from Peter Hillig and Michael Smith of Smith Hancock acting as the Trustees of the property, Colliers International is pleased to present to the market 11 Steel Street, Newcastle West For Sale via Expressions of Interest closing 26 September 2019 at 4pm.

Comprises an industrial chic food and beverage outlet, currently leased to EBK Concepts Pty Limited trading as Antojitos. The property has a modern industrial fitout with tiled and concrete flooring throughout. The premises benefits from a full commercial kitchen, together with bar and dining areas to the front and rear of the property. There is also a large storage area with potential for future dining upstairs (STCA).

Further features include
- Site area 385.7sqm*
- Building area 357sqm*
- Passing net income $46,900*
- Mezzanine storage or future dining area
- Leased until 30 September 2022, having a further 2 x 5 year options
- Lease includes a demolition clause

Property also available in-one-line with 7, 9 or 13 Steel Street

For further information on this property please contact one of our Colliers International agents Peter Macadam or Nick Christensen

*Approx.

(NPP).

EXPRESSION OF INTEREST

Closing date and time26/09/2019 12:00
Recipient namePeter Macadam
Delivery addressGround Floor, 18 Honeysuckle Drive, Newcastle

Property Highlights

Property ID2015517389
Date Sold25 Nov 2019
Sold Price$0
Floor Area357 m²
Land Area385 m²
ParkingOn site parking available
Category
Last updated  25 Oct 2019
Map for 11 Steel Street Newcastle West NSW 2302
Colliers International - Newcastle
Gf, 18 Honeysuckle Drive Newcastle NSW 2300

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