Cooks Hill, NSW

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

For more information contact
maurie dandrea

novadent@bigpond.net.au
Phone: 02 49426416
Mobile: 0420974151
Address: 185 Darby Street


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