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Retail For Sale found in NEWCASTLE, NSW 2300

COMMERCIAL FREEHOLD PROPERTY, BUSINESS AND RESIDENCE – SELLI...

Retail

This is an excellent opportunity to purchase a commercial property with freehold business in the Catering Industry.
THE FREEHOLD:-
FREEHOLD TITLE situated in Brunker Street, a popular street for both commercial and residential properties. The site has a frontage of 11.1 metres and a total area of 354m2. It is on a major bus route and close to Broadmeadow train station. The surrounding development in the area is predominately commercial. It consists of:-
* The Business Building (Production Kitchen)– Brick construction
* 2 bedroom residence with kitchen, bathroom, sunroom, laundry and rear yard
* Large storeroom/garage for 4 cars
* Land Size of 354m2
* Zoning: Multiple Use
THE BUSINESS:-
This award winning business is INCLUDED in the sale price. HotRock Events and catering is Newcastle’s most enduring and respected catering business. Established now for 12 years, this catering service business specialises in weddings, corporate events, conferences, seminars and product presentations for their clients.
The business is fully equipped with commercial kitchen. A full list can be provided to genuine interested parties. Also available is a full information pack including financials.
YOUR OPTIONS AFTER PURCHASE:-
Your return on investment from the lease: A total of$51,780K. (The kitchen: returning $30,000 the residence returning $17k)
Keep the business and continue to run it as an owner occupier, or:
Sell the business component leaving the commercial property asset with a good return.
Possible future development opportunities may exist (Council approval required).
Also note: The liquor license comes with the purchase
No matter which way you look at it, this all-in-one commercial opportunity should not be missed. Enquire today.
Phone enquiries - please quote property ID 18721

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Price: $1,100,000 - $1,200,000    Building: 354m²    Occupancy: Vacant

Properties located in the surrounding suburbs

HIGH PROFILE LOCATION

Retail

This high profile inner city building sits on a prominent corner location. Set in a precinct that is experiencing rapid change.
* (3) tenants with a proven track record
* Long standing tenant - Proski, Beautician and residential tenant
* Ideal corner location with massive exposure
* Close to Newcastle CBDs premier shopping centre
* Possible future development site (STCA)
Don't miss this opportunity to participate.

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Price: Expressions of Interest - Closing 12th October 201    Building: 616m²    Land: 616m²

SUBURB PRICE GUIDE

Suburb Summary - Newcastle, NSW 2300

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $3887 $380 9.78%
Retail $2825 $321 11.38%
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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