* Bluechip Nelson Street Location
* 3 tenants with 3 X 3 year leases in place (signed just 6 months ago). Tennants have been in the premises more that 10 years.
* Secure tenants with reputable office and retail businesses
* Building Area: 405 m2, floor area 233 m2
This property is in the heart of the CBD at Wallsend with 3 long term tenants, all with successful businesses. Tenants have been there for over 10 years and wish to continue for the long term. All 3 tenants signed again for 3 years, 6 month ago. Tenants can sign longer term leases if needed.
* Approximate market gross rental yield is approx. $80,000 p.a
* Creditworthy and reliable tenants. (never missed a payment in over 10 years of renting).
* Own parking area at the back to fit 8 + cars
* Redevelopment potential and potential developer buy-out opportunities at a later stage
Wallsend is a large commercial centre located in the west of Newcastle CBD. Its main street is Nelson Street, so this property is right in central hub of Wallsend.
This is an investors dream opportunity to have an investment in a commercial property with risk spread across 3 good office and retail businesses and currently offering a strong rental yield for the long term.
Phone enquiries - please quote property ID 18742