Investment Opportunity – New 5 year lease

9 Steel Street, Newcastle West, New South Wales 2302

Retail / Office For Sale

Expressions of Interest. EOI Date 26 Sep 2019
Land Area: 340.30 m2.    Floor Area: 292.00 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 9 Steel Street, Newcastle West For Sale via Expressions of Interest closing 26 September 2019 at 4pm.

This property is a two storey commercial building currently operating as a well known restricted premises.
The property is fully leased and benefits from development consent for its current use. The building comprises seven working rooms all with shower amenities, and also includes a reception and lounge area, kitchen area, laundry and rear lane entry.

Further features include
- Site area 340.3sqm*
- Building area 292sqm*
- Current gross income $115,100* pa
- Ducted air-conditioning


Property also available in-one-line with 7, 11 or 13 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 340.3sqm*
  • Building area 292sqm*
  • Current net passing income $87,700*

Map

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