• Sold
Entry level investment with upside
Entry level investment with upside
Entry level investment with upside
Entry level investment with upside
Entry level investment with upside
Entry level investment with upside
Entry level investment with upside

For Sale

Auction 26th Mar 2020 Ground Floor, 18 Honeysuckle Drive, Newcastle NSW 2300
Located on the northern side of Gavey Street, Mayfield. The subject property is situated on a large 2,017sqm* site and comprises a free-standing warehouse divided into three warehouse bays, together with attached office and amenities.
The warehouse incorporates multiple roller doors with the majority of the site being sealed concrete hardstand.

Property Features
- Building area 533sqm*
- Net passing income $52,500 per annum (plus GST) leased to April 2022
- Potential to increase income
- Zoned IN2 Light Industrial
- Site area 2,017sqm*
- Freehold property over multiple lots with great concrete hardstand
- Convenient city fringe location
- High clearance warehouse incorporating multiple roller doors
- The improvements occupy a low 26% site coverage providing scope for further development of the site (STCA)

For Sale by Public Auction | Thursday 26 March 2020 at 10.30am
Ground Floor, 18 Honeysuckle Drive, Newcastle

*Approximate

Features

12a_TotalArea_M_A
Total Area - M
Total building area 533sqm*
01_NetIncome
Net Income
Passing net income $52,500 pa (plus GST)
26_Opportunity
Opportunity
Potential to increase income
32_ExpansionLand
Expansion Land
Site contains four individual titles

Property Details

  • 20/04/2020
  • Contact our experts for details on this transaction