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Lot 4, 20 Lookout Road New Lambton Heights, NSW 2305

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Lot 4, 20 Lookout Road,
New Lambton Heights, NSW 2305

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Investment in Medical Precinct

The property comprises an affordable strata title café premises featuring modern internal and external features. Positioned in the peaceful surrounds of Newcastle Private Hospital and John Hunter Hospital, the property enjoys a pleasant outlook and provides the café with the benefit of a captive client base.

The property is currently leased to Davpoc Pty Limited on a brand new five year lease with two five year options commencing 24th January 2011. The commencement net rental was $33,799.92 per annum (plus GST), however, the property is now generating $41,599.92 per annum (plus GST).

The property comprises a modern strata title café premises benefitting the exclusive use of an adjoining balcony utilised for an outdoor seating area. The modern style building is constructed from bagged brickwork with an iron roof.

Being slightly elevated from ground level, the building enjoys a pleasant outlook, particularly from the outdoor dining area which occupies three sides of the building. Disabled access is provided via a ramp at the rear of the premises.

The building is well appointed with modern internal finishes generally including timber floors, painted plasterboard walls, fixed plasterboard ceiling, down lighting and ducted air conditioning. The servery / kitchen areas have lino floor linings and include a small storage / dry goods facility.

Property ID: 5799807Last Updated: 14 May 2014

0412 264 2...
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Lot 4, 20 Lookout Road
New Lambton Heights, NSW 2305
Colliers - Newcastle
Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
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