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Sold on 1 Apr 2021

88 Park Avenue Kotara NSW 2289

  • Offices
  • 1,573 m²
  • Sold

Defensive freehold investment in retail super hub

  • Diversified net income of $477,832*
  • 35 on-grade car spaces
  • Over 90% occupancy

Situated in the heart of Newcastles retail hub Kotara, this highly sought after asset is underpinned by a diverse mix of tenants. The property has excellent exposure within a thriving commercial and retail location with a high volume of passing traffic and within close proximity to Westfield Kotara and Kotara Home Shopping Centre.

The property boasts staggered lease profiles to well known local and national businesses and includes 35 on-site car spaces. Comprising a total net lettable area of 1,573.9sqm* and occupying a commanding site area of 2,412sqm*, the property benefits from a flexible B2 Local Centre zoning under Newcastles LEP.

For Sale by Public Auction | Thursday 25 March 2021 at 10.30am
Ground Floor, 18 Honeysuckle Drive, Newcastle

Inspections of the property will be carried out at the following times on a Monday and Wednesday commencing Monday 22 February through to and including Wednesday 23 March 2021.

Monday: 8.30am-9.15am
Wednesday: 1.30pm - 2.15pm

To ensure safety measures such as social distancing remain a key part of the inspection process for our staff, tenants and other attendees at the inspection, we request you register prior to your preferred inspection time so that we are able to manage the inspection process.

*Approximate.

Michael Chapman
Colliers International - Newcastle
Michael Chapman
Colliers International - Newcastle
Peter Macadam
Colliers International - Newcastle
Peter Macadam
Colliers International - Newcastle
Luke Rutledge
Colliers International - Newcastle
Luke Rutledge
Colliers International - Newcastle
Harry Bui
Colliers International - Newcastle
Harry Bui
Colliers International - Newcastle

Property Highlights

Property ID2016800534
Date Sold1 Apr 2021
Floor Area1,573 m²
Land Area2,412 m²
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  1 Apr 2021
Map for 88 Park Avenue Kotara NSW 2289
Map for 88 Park Avenue Kotara NSW 228988 Park Avenue Kotara NSW 2289
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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.

Michael Chapman
Colliers International - Newcastle
Michael Chapman
Colliers International - Newcastle
Peter Macadam
Colliers International - Newcastle
Peter Macadam
Colliers International - Newcastle
Luke Rutledge
Colliers International - Newcastle
Luke Rutledge
Colliers International - Newcastle
Harry Bui
Colliers International - Newcastle
Harry Bui
Colliers International - Newcastle

Property Highlights

Property ID2016800534
Date Sold1 Apr 2021
Floor Area1,573 m²
Land Area2,412 m²
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  1 Apr 2021
Colliers International - Newcastle
Ground Floor, 18 Honeysuckle Drive Newcastle NSW 2300
Michael Chapman
Colliers International - Newcastle
Michael Chapman
Colliers International - Newcastle
Peter Macadam
Colliers International - Newcastle
Peter Macadam
Colliers International - Newcastle
Luke Rutledge
Colliers International - Newcastle
Luke Rutledge
Colliers International - Newcastle
Harry Bui
Colliers International - Newcastle
Harry Bui
Colliers International - Newcastle

Ask Michael Chapman about this property

Michael Chapman

Michael Chapman

Colliers International - Newcastle

Peter Macadam

Peter Macadam

Colliers International - Newcastle

Luke Rutledge

Luke Rutledge

Colliers International - Newcastle

Harry Bui

Harry Bui

Colliers International - Newcastle

+61 *** ***
+61 402 724 841

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