Multi Tenanted Investment - 100% leased

13 Steel Street, Newcastle West, New South Wales 2302

Retail / Retail / Retail For Sale

Expressions of Interest. EOI Date 26 Sep 2019
Land Area: 297.10 m2.    Floor Area: 500.00 m2.    

Description

Under instructions from Peter Hillig and Michael Smith of Smith Hancock acting as the Trustees of the property, Colliers International is pleased to present to the market 13 Steel Street, Newcastle West For Sale via Expressions of Interest closing 26 September 2019 at 4pm.

The site is currently leased to three separate tenants including Domino's which fronts Steel Street. There are two separate entertainment businesses accessed via the rear lane way, including a ground floor bar and DA Approved first floor restricted premises.

Further features include
- Site area 297.1sqm*
- Building area 500sqm*
- Estimated net passing income $115,745* pa
- Lease terms range from 5 years to 6.5 years
- Two leases include demolition or redevelopment clauses
- Separate metering for separate tenants

Property also available in-one-line with 7, 9 or 11 Steel Street

For further information on this property please contact one of our Colliers International agents Peter Macadam or Nick Christensen.

*Approx.
(NPP).

Features

  • Site area 297.1sqm*
  • Building area 500sqm*
  • Estimated net passing income $115,745*

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