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