196 Union Street The Junction NSW 2291

CBRE is pleased to offer 196 Union Street, The Junction to market.

Currently occupied by the Commonwealth Bank, Australia’s largest ASX listed company, the property is located within walking distance to both the Newcastle CBD and Merewether Beach.

The property benefits from the following key attributes:

- Multi-tenanted investment anchored by blue-chip tenant
- 7-year lease to Commonwealth Bank with options to 2031 - fixed 5% annual increases
- First-floor lease to Hart Accountants - SMSF tax specialists
- NLA of 340sqm*
- Net income of $174,389*p.a.
- Positioned within walking distance to Junction Fair Shopping Centre, Merewether Beach (800m*) and Newcastle CBD (1.3km*)
- Future upside due to strong population growth forecasted for Newcastle over the next two decades

The property will be offered for sale by way of public auction at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney on Tuesday, 24 April, 2018 at 10.30am.

For further information please contact the exclusive listing agents at CBRE:

Xavier Rahme
0415 711 606

Nicholas Heaton
0408 025 097