Irreplaceable CBD Waterfront Investment – Circa 7% Net

1 Honeysuckle Drive , Newcastle NSW

Property Highlights

5 year lease + 5 year option
Part of rapidly growing Newcastle CBD
Premier waterfront precinct

Description

5 year lease to January 2024 plus option to 2029
Key corner boardwalk position with easy access to CBD via new light rail
Dominant 523 sqm ground level corner retail + 2 car spaces
Bar/dining venue with stunning harbour views
Experienced operator boasting multiple F&B venues
Dense residential & commercial waterfront precinct adjacent Rydges Hotel & 300m from The University of Newcastle
Newcastle: 21% population growth expected by 2041
Annual 3% fixed increases
Net Income: $226,965 pa + GST

For Immediate Sale
> Indicative Price: $3,250,000 (Yield: circa 7%)

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1 SQM
Building Area
523 SQM

Price

For Immediate Sale

Contact Agents

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