• Sold
New five year lease to national tenant
New five year lease to national tenant
New five year lease to national tenant
New five year lease to national tenant
New five year lease to national tenant
New five year lease to national tenant
New five year lease to national tenant

For Sale

Auction 28th Nov 2019 Ground Floor, 18 Honeysuckle Drive, Newcastle
- The property is prominently located on the corner of Munro and Lesley Street in the town of Singleton. Singleton is a town on the banks of the Hunter River in New South Wales. Singleton is 77km* north west of Newcastle and 187km* north west of Sydney.

- Comprising a purpose built tyre and mechanical workshop leased to Jax Tyres, improvements include five working bays, four with hoists, office and waiting area including staff and client amenities, coffee making facilities and administration area, covered tyre storage and open air lock up storage.

- The site also benefits from drive-through access suitable for truck deliveries as well as 20 on-site car parks.

- Fully leased to Jax Tyres
- New five year lease plus five year option
- Passing net income of $65,603.78 pa (plus GST)
- Flexible B4 Mixed Use zoning
- Total site area - 1,681sqm*
- Total building area - 451sqm*

For Sale by Public Auction
Thursday 28 November 2019 at 10.30am | Ground Floor, 18 Honeysuckle Drive, Newcastle

*Approximate.

Features

9_Vacancy
Vacancy / Occupancy
Fully leased to Jax Tyres
5a_Timeframes
TimeFrames - Lease Term
New 5 year lease plus option
01_NetIncome
Net Income
Passing net income of $65,603.78 pa
46_ZonedB5
Zoning
Flexible B4 Mixed Use zoning

Property Details

  • 21/03/2020
  • Contact our experts for details on this transaction