Local Shopping Centre with Huge Development Potential

Capitalise on this incredibly rare opportunity to secure a local shopping centre in the heart of Belmont Village, right next to Woolworths. Complete with seven retail shops and occupying a 1,228 sqm land parcel.

It is located within a flexible B2 zoning, with plenty of mixed-use potential to redevelop or reconfigure. This impressively scaled block of land provides fantastic exposure and wide street frontage over a generous ground level design. Take advantage of this property’s premium location with busy foot and road traffic and the Belmont Central Shopping Centre just next door. The various retail spaces range in size from 43sqm to 96sqm, presenting an exciting opportunity to create a contemporary space with retail, commercial and residential scope plus future promise of strong rental yields.

KEY FEATURES:
• Perfect investment or development opportunity
• Freehold building with seven separate retail shops
• Net income: $118,752 (approx.)
• Off street parking
• Mostly open plan layouts complete with amenities and loading bay
• Exciting potential to redevelop into a contemporary mixed-use centre
• Attractive opportunity for retail, commercial, residential and childcare
• New roof, great level of exposure, less than 2 hours’ drive to Sydney CBD
• Short stroll to Lake Macquarie foreshore

For sale via public auction
Cooley Auction Centre
Level 5, One Margaret Street, Sydney
Date: Thursday 6th December 2018
Time: 10:30am

Please Contact Exclusive Agents -
Bobby Suminoski
Four Walls Commercial
M: 0403 6235...
E: bobby@fourwallscommercial.com

Steven Kruyer
LJ Hooker Commercial
M:0414 404070
E:skruyer@ljhc.com.au