Stunning Newcastle Waterfront Investment

1 honeysuckle drive, newcastle nsw

Price: Contact Agent

  • Waterfront Restaurant Investment
  • New 5 yr lease
  • Large ground level accommodation

Property Details

Auction 11am Tuesday 14 May 2019
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

The Landing: busy bar/dining operation with PSA liquor licensee trading 7 days, lunch & dinner to late with stunning harbour views, experienced operator boasting multiple other F&B concepts
Large 523 sqm ground level accommodation + 2 car spaces
New 5 year lease to January 2024 plus option to 2029
Annual 3% fixed increases assuring rental growth
Dominant corner frontage adjacent 175 room Rydges Hotel & 300 metres from The University of Newcastle
Corner boardwalk location in premium waterfront precinct
Part of “The Boardwalk”: exclusive mixed use development comprising residential, retail & 3,000 sqm of office space
Newcastle: powerhouse economy benefiting from significant infrastructure incl. Interchange, Light Rail & Airport and 560,000 population

Net Income: $219,765 pa + GST

Featured Details

Current Tenant Tenanted
Gross Building Area 523 sqm
Land Size 523 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003507

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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