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  • Sold
Torrens titled shopping centre - #1
Torrens titled shopping centre - #2
Torrens titled shopping centre - #3
Torrens titled shopping centre - #4
Torrens titled shopping centre - #5

For Sale

Auction 18th Nov 2021 Ground Floor, 18 Honeysuckle Drive, Newcastle
Colliers are pleased to present 15 Gertrude Street, Cardiff South For Sale via Public Auction on Thursday 18 November 2021 at 10:30am.

The subject property comprises a Torrens titled neighbourhood shopping centre benefiting from a prominent corner position. The property comprises 449sqm* of building area incorporating six tenancies plus a 20sqm license agreement to a coffee van operation. The building currently occupies 36% of the total site area with the balance accommodating approximately 17 car spaces across a recently updated car park area.

Cardiff South is a suburb in the city of Lake Macquarie and is located approximately 14 kilometres south west of Newcastle's CBD. The subject property has a particularly strategic location, as a result of Gertrude Street often being used as a shortcut thoroughfare for commuters in both directions to Cardiff and Charlestown. This is a locational advantage for the businesses within the centre as foot traffic is driven by the dense immediate residential catchment as well as passing traffic.

For further information on this opportunity please contact Michael Chapman on 0402 724 841 or Ben Robinson on 0402 211 392.

*Approximate

Features

Net Income
Current net income $133,023pa (plus GST)
WALE
6.50 years by income (as at 18 Nov 2021)
Zoning
R2 Low Density Residential zoning
STCA
Potential future development upside
  • 17/11/2021
  • Contact our experts for details on this transaction