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Address available on request Newcastle East, NSW 2300

Address available on request,
Newcastle East, NSW 2300

Hotel, Motel & Leisure • Warehouse, Factory & Industrial • Other

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$3,350,000

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Bluechip Opportunity Newcastle East Precinct

  • Newcastle East
  • Grain Store
  • CBD
The property comprises of a two story brick building with basement, and has a mixed commercial and residential use.
Ground floor and basement areas is currently leased to a renowned establishment operating as a restaurant
The restaurant is fitted out with a commercial kitchen, cool room, separate male and female amenities, office and air conditioning*

The first floor is a six bedroom, two bathroom apartment and mezzanine level.
The property also has a double lock up garage and rear court yard area.

Income :

Tenancy one (1)
- The property has a potential net rental income of $142,420 pa + GST. (approx.)
The Ground floor, basement and car parking is leased to a business operating as a restaurant.
Leased until 14/3/23 plus a 5 year option.

Tenancy two (2)
Level one apartment comprises of six bedrooms, two bathrooms, expansive views and high ceilings throughout.
There is further room for improvement and renovations to maximise the investment
Currently returning $68,848 per annum*

Less than 500m too;
- Newcastle Beach
- Harbour Foreshore
- Start of Hunter Street
- Newcastle CBD

This property is strategically located adjacent the light rail terminal/stop

Inspect: By Appointment - Jesse Mulligan (02) 4950 14... or 0432 160 1...

*Residential rental figures approximate
*Fitout of restaurant is predominantly owned by the tenant

Property ID: 503329934Last Updated: 16 Jan 2020

04321601...
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Address available on request
Newcastle East, NSW 2300
Mulligan Property Group - Wallsend
108 - 110 Nelson Street
WALLSEND, NSW 2287
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