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Burgess Rawson - Sydney

35 Northcott Drive Kotara, NSW 2289

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35 Northcott Drive,
Kotara, NSW 2289

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Burgess Rawson - Sydney
Darren Beehag

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
Burgess Rawson - Sydney
35 Northcott Drive
Kotara, NSW 2289

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5 Year Renewed Lease to Officeworks - Adjacent to Westfield & Bunnings

  • Rare Officeworks anchored investment
  • Tenants paying outgoings
  • 61 valuable on-site car spaces
Burgess Rawson and Commercial Collective are pleased to present this prime investment in the heart of Newcastle’s premier commercial and retail precinct at Kotara (Newcastle).

Freehold site 5,171 sqm
Building GBA circa 1,817 sqm*
B2 Local Centre zoning
Main road exposure & profile
Officeworks renewed 5-year lease + options to 2036
Fins Swim School new 7-year lease + options to 2048
Combined net income $644,710 per annum
61 car parking spaces
2 x 100kW solar energy systems
Entire new roof installed 2020

Kotara is known as one of Newcastle's largest and most important retail destinations, covering a massive trade catchment encompassing the entire Hunter Region.

Unrivalled position adjacent to Westfield Shopping Centre, hosting 280 stores and Kotara Home World with major anchor tenants including JB Hi-Fi, Dan Murphy's, Domayne, Aldi and Bunnings Warehouse. Historically nil vacancy rates of similar sites within the precinct.

35 Northcott Drive represents 12% of the balance of B2 land not held by the above centres, demonstrating the tightly held nature of a land holding of its size, zoning and position.

Outstanding opportunity to acquire a prime Wesfarmers anchored investment with long lease expiries and rich land content.

For Immediate Sale
Indicative Price $14,000,000 (circa 4.60%)

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Property ID: 503957086Last Updated: 20 Jan 2022

Burgess Rawson - Sydney
Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
Commercial Collective - NEWCASTLE
Level 2, 28 Bolton Street
NEWCASTLE, NSW 2300
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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