Irreplaceable mixed use investment opportunity in the East End of Newcastle. The property generates a significant net passing income of $129,514* per annum which is split between three tenancies. On the ground floor is Humbug, a recently awarded a "hatted" restaurant in the SMH good food guide 2024. One of only two restaurants in Newcastle which such an award, with the five other restaurants with "hats" being in the coveted Hunter Valley wine and food region. Humbug has recently extended their lease until 30 September 2029.
On the floors above are two huge 4-bedroom, 2-bathroom split level atrium style apartments. Both with separate accesses the apartments are leased until October & December 2024 respectively.
This fantastic opportunity presents the incoming purchaser the ability to have multiple income streams as well as the ability to live in the inner city should they wish.
For more information, please contact the agents listed.
*Approx.
