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134 Magnus Street Nelson Bay NSW 2315

  • Retail
  • 266 m²
  • For Sale, Contact Agents

Coastal Investment - Renewed 3 x 3 year lease to Westpac + apartment

  • Renewed 3 + 3 Year lease to Westpac
  • Fixed 3% annual rental increase
  • Est Net Income $151,856 pa + GST

Cushman & Wakefield are pleased to present for sale 134 Magnus Street, Nelson Bay via Offers to Purchase.

The property has the following key characteristics:

• New 3 + 3 Year lease to Westpac + separate residence
• Estimated Net Income $151,856* pa + GST (fully leased basis)
• Fixed 3% annual rental increase
• Located in the hub of Nelson Bay retail precinct
• A significant NSW coastal holiday destination
• Double fronted two storey retail shop, long term lease to Westpac. Lease commenced circa 2000
• First level apartment accommodating 5 bedrooms, balcony and two car spaces. Offered vacant possession
• Apartment provides great holiday rental income through on-line portals – AirBnB, Stayz
• Zoned B2 – Local Centre - Future development potential (STCA)
• Superb main street location highlighted by one way traffic. Only minutes stroll to water sports and entertainment.
• Nelsons Bay is the holiday destination to over 28,500 people every year and is the most important township on the southern shoreline of Port Stephens.
*Approx

For more information please contact the exclusive agents.

Property Highlights

Property ID2015658225
Floor Area266 m²
Land Area366 m²
Parking2 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  17 Oct 2019
Map for 134 Magnus Street Nelson Bay NSW 2315
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000

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