118-120 Newcastle Road Wallsend NSW 2287

The Savills Metropolitan & Regional sales team are pleased to present to the market 118-120 Newcastle Road, Wallsend. Three prominent retail warehouse buildings located on a tightly held major arterial road (Newcastle Road).

Dual-street frontage with 25* on-grade car parking spaces
Total annual net income (fully leased) of $218,600 * plus GST
Rental reversion potential through re-letting Unit 3
Demolition clause across both leases providing future flexibility
Significant development potential for future repositioning (STCA)
Zoned IN2 Light Industrial
Located in Newcastles fastest growing suburb for retail warehousing, bulky retail and industrial with renowned tenants such as Aldi, Woolworths, Reece and TJM in the immediate precinct
Extremely high levels of passing vehicular traffic with an average daily count of 33,052 (according to Newcastle City Council)
Positioned to capitalise on the expanding Newcastle Western Corridor Urban Release Area

For further information, please contact one of the selling agents.

*Approx.