Occupying a prime position in Newcastle's busiest retail, dining and entertainment precinct, the property is surrounded by boutique retail operators, cafes and restaurants, as well as commercial occupiers.
The subject property comprises a spacious, 2-storey, 263 square metre* mixed-use building, erected on a 273 square metre* block. The property is 100% leased to two tenants being Coco Mondé Chocolateria on the ground floor with three years* remaining on the lease and a residential occupier upstairs in a spacious three bedroom apartment.
Both the retail and residential spaces are returning a combined net income of $91,213* per annum (plus GST).
For Sale by Public Auction | Thursday 3 August 2023 at 10:30am (AEST).
Ground Floor, 18 Honeysuckle Drive, Newcastle NSW 2300
*Approximate