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SOLD

386 Pacific Highway, Belmont North, NSW, 2280

Properties / Sold / New South Wales / Belmont North

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

CURRENT BID $3.5 M

Land Area

4,863 m² (*approx)

Floor Area

1897 m² (*approx)

Property Type

Industrial

Sub-type

Office/Warehouse

Est. Income

$343,370 p/a

Fully Leased

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2. Property Highlights

Multi-Tenanted - Deceased Estate

CURRENT BID $3,500,000 - 6 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steven Dick on 0400 000 947 immediately to become qualified and avoid disappointment.

Situated on the Pacific Hwy this corner site is home for up to (9) tenants with an ultimate return of $343,370pa net.

Belmont is an affluent seaside and lakeside suburb south of Newcastle, that has a maturity to it where there are services such as a public hospital, schools, shopping centres and (2) sailing clubs being the Belmont 16s Sailing Club and Lake Macquarie Yacht Club.

Comprising (3) separate buildings and (2) leased display yards over (3) titles, with access to the central common car park gained via York Street to the side.

There is currently (1) vacancy that is currently available for lease however this is a deceased estate sale and the trustees of the Estate have decided to sell rather than wait for a new tenant, such is their desire to sell.

Remember to mention you found this property on CommercialReady