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Sold on 20 Dec 2019

13 Steel Street Newcastle West NSW 2302

  • Retail
  • 500 m²
  • Sold

Multi Tenanted Investment - 100% leased

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 13 Steel Street, Newcastle West For Sale via Expressions of Interest closing 26 September 2019 at 4pm.

The site is currently leased to three separate tenants including Domino's which fronts Steel Street. There are two separate entertainment businesses accessed via the rear lane way, including a ground floor bar and DA Approved first floor restricted premises.

Further features include
- Site area 297.1sqm*
- Building area 500sqm*
- Estimated net passing income $115,745* pa
- Lease terms range from 5 years to 6.5 years
- Two leases include demolition or redevelopment clauses
- Separate metering for separate tenants

Property also available in-one-line with 7, 9 or 11 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 ID2015517338
Date Sold20 Dec 2019
Floor Area500 m²
Land Area297 m²
ParkingOn site parking available
Category
Last updated  28 Oct 2019
Map for 13 Steel Street Newcastle West NSW 2302
Colliers International - Newcastle
Gf, 18 Honeysuckle Drive Newcastle NSW 2300

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