The subject property is located on the south eastern side of Chapman Street, adjoining the Alto Apartment Building, approximately 40 metres from Charlestown Road. Central to Charlestown is Charlestown Square, GPT’s 90,200 square metre regional shopping centre comprising the largest shopping and entertainment destination in the Hunter Region. Charlestown is located approximately 11 kilometres south of the Newcastle CBD.
The property comprises a two-storey commercial building with basement parking, located in close proximity to GPT’s Charlestown Square. The ground floor has been divided into three separate tenancies, with each tenancy including staff amenities and kitchen areas. The first floor, accessible by lift and stairs, is occupied by National Australia Bank and was fully refurbished approximately four years ago.
- Multi tenanted investment opportunity
- Close to Charlestown Square
- Total Net Income - $388,154 per annum gross
- Diversified income across national covenants
- 28 secure basement car spaces
- Building area - 1,403sqm (approx.)
- Site area - 935.8sqm (approx.)
- Zoned B3 Commercial Core under Lake Macquarie LEP 2014
For Sale - $6,000,000 (sale of a going concern).
