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Commercial Collective - NEWCASTLE

Unit 3, 154 Park Avenue Kotara, NSW 2289

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Unit 3, 154 Park Avenue,
Kotara, NSW 2289

Warehouse, Factory & Industrial

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Commercial Collective - NEWCASTLE
Brad Crouch
Byrne Tran

Commercial Collective - NEWCASTLE

10 Newcomen Street
NEWCASTLE, NSW 2300
Commercial Collective - NEWCASTLE
Unit 3, 154 Park Avenue
Kotara, NSW 2289

Map of Unit 3, 154 Park Avenue

Directions

Tenanted investment opportunity in Kotara Bulky Goods precinct

  • Flexible B5 Business Development zoning
  • Leased to established tenant
  • 21 allocated car parking spots
Positioned in a popular suburban commercial, bulky retail and residential area, the property offers a substantial investment opportunity with a long term tenant returning $66,012.84* net per annum plus GST. The current tenant, Motorserve are an established car servicing and insurance business servicing the greater Newcastle region. They are currently on a 5 year lease due to expire on 31 January 2025 with a further 5 year option in place with a market review if they are to exercise the option.

- Located in popular suburban commercial, bulky retail and residential area
- Close proximity to Westfield and the Kotara Homemaker Centre
- Flexible B5 Business Development zoning
- Long lease in place to established tenant
- 21 allocated car parking spots
- Neighbouring businesses such as Reece Plumbing, Searle Street Medical Centre, Celebrations, Creative Childcare and Active Hair and Beauty

*Approximately

Property ID: 504054083Last Updated: 3 Aug 2023

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