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Savills - Sydney CBD

118-120 Newcastle Road Wallsend, NSW 2287

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118-120 Newcastle Road,
Wallsend, NSW 2287

Shops & Retail • Warehouse, Factory & Industrial

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Savills - Sydney CBD
Ollie Ridley
Nick Lower

Savills - Sydney CBD

Level 25, 1 Farrer Place
SYDNEY, NSW 2000
Savills - Sydney CBD
118-120 Newcastle Road
Wallsend, NSW 2287

Map of 118-120 Newcastle Road

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Prominent Multi-tenanted Retail Warehouse Investment Opportunity Located on Major Arterial Road

  • Prime Location on Major Arterial Road
  • Significant Land Size of 3,082sq m*
  • Strong Potential Rental Reversion
The Savills Metropolitan & Regional sales team are pleased to present to the market 118-120 Newcastle Road, Wallsend. Three prominent retail warehouse buildings located on a tightly held major arterial road (Newcastle Road).

• Dual-street frontage with 25* on-grade car parking spaces
• Total annual net income (fully leased) of $218,600 * plus GST
• Rental reversion potential through re-letting Unit 3
• Demolition clause across both leases providing future flexibility
• Significant development potential for future repositioning (STCA)
• Zoned IN2 Light Industrial
• Located in Newcastle’s fastest growing suburb for retail warehousing, bulky retail and industrial with renowned tenants such as Aldi, Woolworths, Reece and TJM in the immediate precinct
• Extremely high levels of passing vehicular traffic with an average daily count of 33,052 (according to Newcastle City Council)
• Positioned to capitalise on the expanding Newcastle Western Corridor Urban Release Area

For further information, please contact one of the selling agents.

*Approx.

Property ID: 503452158Last Updated: 27 Jan 2021

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