Stunning Newcastle Waterfront Investment

1 Honeysuckle Drive , Newcastle NSW

Property Highlights

Waterfront Restaurant Investment

New 5 yr lease

Large ground level accommodation

Description

For sale by Expressions of Interest
Offers close Thursday 30th May 2019 at 3pm
(unless sold prior)

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
523 Squaremeter
Gross Building Area
523 Squaremeter

Contact Agents

Simon Staddon

0413 640 851

Tom Doran

0407 928 324

Request Information

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