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Raine & Horne Commercial - Newcastle
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93 Boundary Street Forster, NSW 2428

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For Sale - Auction Thu 29 Aug

93 Boundary Street Forster, NSW 2428

Showrooms & Bulky Goods
Sale Price

See Current Bid Below

Under Contract

Land area

1031.0m²

Floor area

588.0m²

Property extent

Whole

Zoning

IN(2) Light Industrial

Auction

Contact agent to confirm the time and location

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Quality Investment - Secure Tenant

CURRENT BID PRICE $1,000,000 - (1) Qualified Bidder

Highly exposed on this corner location it is an easily accessible property close to the Stockland Shopping Centre and is still well suited to its electrical wholesale business (Cetnaj Lighting and Electrical) which the building was designed/built for:

* (5) Year lease (Expiring: 30th June 2021)
* (5) Year option
* Publicly Listed Tenant: Metal Manufacturers Ltd
* Freshly renovated
* Strong long-term tenant
* Net Rent: $75,015.69pa (approx)

This property has been the home of Cetnaj since (1998) and over the years they have developed a strong association and identity with this location. Everybody in the area knows where Cetnaj are located. The business was sold to Metal Manufacturers in (2016) and the original Kempsey owners have now decided to sell the real estate as well.

The property has met reserve. The Openn Negotiation (flexible conditions online auction) is underway and the property will sell at any time between now and the 29th August. Contact Steve Dick immediately to become qualified and avoid disappointment.

Property ID: 503265270Last Updated: 19 Aug 2019

0425 *** ***
Raine & Horne Commercial - Newcastle
93 Boundary Street
Forster, NSW 2428

Raine & Horne Commercial - Newcastle

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Raine & Horne Commercial - Newcastle

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Raine & Horne Commercial - Newcastle

92-94 Darby Street
COOKS HILL, NSW 2300
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Steve Dick

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Steve Dick
Raine & Horne Commercial - Newcastle
93 Boundary Street Forster, NSW 2428

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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