Solid Retail Investment Opportunity

300 Sandgate Road, Shortland, New South Wales 2307

Retail For Sale

Auction. Date 27 Nov 2014
Land Area: 1,907.00 m2.    Floor Area: 1,907.00 m2.    

Sangate 7-Eleven

Description

Situated in the heart of the Shortland retail / commercial strip on the western side of Sandgate Road stands this brand new purpose-built 7-Eleven Service Station. Currently leased to a National tenant on a brand new 15 year lease with two x five year options. The property offers excellent exposure to the passing traffic utilising Shortland Road, which is the main thoroughfare feeding the surrounding suburban area of Shortland and Birmingham Gardens.

Shortland is a suburb or Newcastle and is situated approximately twelve kilometres from Newcastle’s Central Business District.
It is also just 12 kilometres to the M1 Pacific Motorway to the west, and 2.5 kilometres to the Pacific Highway to the North.

Nearby is Newcastle’s main university campus at Callaghan, servicing a 3,000 strong student population.
The main shopping centre “Stockland Jesmond” is also within close proximity as well as The Calvary Mater Hospital situated in Waratah just 3.5 kilometres east of Shortland.

• Located 12 kilometres (approx) north from Newcastle's central business district.
• Site area: 1,907sqm approx
• International tenant with a new 15+5+5 years lease
• Net income: $270,843.72 pa (excluding land tax)
• Strong income fundamental & great depreciation benefits

Auction will be held 27 November at 10:30am at the Commercial Real Estate Auction Centre, Mezzanine, 50 Margaret Street, Sydney NSW 2000

Features

  • Strategic location - 12km to Newcastle
  • Site area 1,907sqm approx.
  • New 15+5+5 years lease to 2038

Transaction Details

23 May 2018
300 Sandgate Road, SHORTLAND NSW 2307, AUSTRALIA

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