Comprises a fully leased retail investment with diversified income provided by four well established local businesses. The property benefits from excellent tenant retention, with two tenants in occupation since 2006, and staggered lease expires in 2018, 2020 and 2021. The modern improvements were constructed in 2007, comprising two interconnected buildings having common area amenities and situated around a central paved courtyard providing alfresco dining. Each tenancy is fitted out to the respective lessee requirements, having timber framed shopfronts and air-conditioning. The property is situated within the main retail strip of Morpeth and benefits from rear lane access.
- Building area - 580sqm (approx.) - Site area - 1,673sqm (approx.) - $126,039 net passing income per annum (approx.) - Diversified income - Zoned B2 Local Centre - 19 on-grade car spaces
For Sale by Public Auction Thursday 15 June at 10:30am | Ground Floor, 18 Honeysuckle Drive, Newcastle
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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