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Sold on 15 Jun 2017

165 Swan Street Morpeth NSW 2321

  • Shop & Retail
  • 580 m²
  • Sold

Fully Leased Retail Investment

    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

    (NA2017)

    AUCTION

    Auction date and time15/06/2017 10:30
    Auction locationGround Floor, 18 Honeysuckle Drive, Newcastle
    Peter Macadam
    Colliers International - Newcastle
    Peter Macadam
    Colliers International - Newcastle
    Peter Dodds
    Colliers International - Newcastle
    Peter Dodds
    Colliers International - Newcastle

    Property Highlights

    Property ID2013591262
    Date Sold15 Jun 2017
    Floor Area580 m²
    Land Area1,673 m²
    ParkingOn site parking available
    Category
    Last updated  15 Jun 2017
    Map for 165 Swan Street Morpeth NSW 2321
    Map for 165 Swan Street Morpeth NSW 2321165 Swan Street Morpeth NSW 2321
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Peter Macadam
    Colliers International - Newcastle
    Peter Macadam
    Colliers International - Newcastle
    Peter Dodds
    Colliers International - Newcastle
    Peter Dodds
    Colliers International - Newcastle

    Property Highlights

    Property ID2013591262
    Date Sold15 Jun 2017
    Floor Area580 m²
    Land Area1,673 m²
    ParkingOn site parking available
    Category
    Last updated  15 Jun 2017
    Colliers International - Newcastle
    Ground Floor, 18 Honeysuckle Drive Newcastle NSW 2300
    Peter Macadam
    Colliers International - Newcastle
    Peter Macadam
    Colliers International - Newcastle
    Peter Dodds
    Colliers International - Newcastle
    Peter Dodds
    Colliers International - Newcastle

    Ask Peter Macadam about this property

    Peter Macadam

    Peter Macadam

    Colliers International - Newcastle

    Peter Dodds

    Peter Dodds

    Colliers International - Newcastle

    +61 *** ***
    +61 402 074 159

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