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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.

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
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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