PRICE SLASHED $70,000 FROM SATURDAY 19th APRIL 2008 UNTIL THE END OF THE MONTH FOR QUICK SALE AND THEN LISTED WITH AGENT AT $920,000 * 8.2% net return
Prime retail premises for sale in one of the most sought after areas of Newcastle.Near new building 200m2 total area,airconditioned,two car spaces.
Current tennant spent over $90,000 on fitout and pays all outgoings.Lease is 2 years + 2 years.Current rent return is $69,000 which is 8.2% net.with a rent review later in the year with potential for 9%+
The two units were converted into one premise.It has two internal toilets/bathroom and one car space per unit .Could be converted back to two units .
Future development potential includes minisupermarket(Foodworks marketing manager met on site and aggreed fantastic oportunity) also Deli as it offers monopoly on both-neither in this busy precinct,fashion,gallery,professional suite(which it is at the moment).
Fantastic exposure,thousands of cars each day.
Rooms: 0 Bathrooms: 0 Car Spaces: 0
Price: $850,000
For more information contact maurie dandrea
novadent@bigpond.net.au Phone: 02 49426416 Mobile: 0420974151 Address: 185 Darby Street
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