88 Park Avenue,
Kotara, NSW 2289
Offices • Shops & Retail • Medical & Consulting
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Map of 88 Park Avenue
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 Newcastle’s 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 Newcastle’s 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.
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 Newcastle’s 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.
Property ID: 503759798Last Updated: 30 Nov 2022
Colliers - Newcastle
Ground Floor, 18 Honeysuckle DriveNEWCASTLE, NSW 2300
88 Park Avenue
Kotara, NSW 2289
Colliers - NewcastleGround Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
NEWCASTLE, NSW 2300
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