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621 Glebe Road, Adamstown, NSW, 2289

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621 Glebe Road, Adamstown, NSW, 2289

621 Glebe Road, Adamstown, NSW, 2289

Properties / Sold / New South Wales / Adamstown
Tenanted Investment

1. Property Summary

Selling Method
Auction
Selling Details
CURRENT BID $1.05 M
Land Area
493 m² (*approx)
Floor Area
258 m² (*approx)
Property Type
Retail
Sub-type
Strip Retail, Mixed Use
Est. Income
$82,299 p/a
Show All

2. Property Highlights

Healthy Freehold Investment

CURRENT BID $1,050,000 - 4 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 busy Glebe Road, in the inner-suburb of Adamstown this organic grocery store has been operating for (11) years. Its position provides front of mind awareness whilst being easily accessible to the greater Newcastle market place

Returning $82,299pa + OGs + GST with the lease expiring in September 2026, the tenant has given no indication they want to do anything else but power on. With a full commercial kitchen mothballed since covid the next phase of growth is the cafes re opening.

Bidding is expected in the early $1millions for this income producing investment property plus being in a high density residential zoning, there may be an alternative for the property at some point in the future.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Retail
Sub-type
Strip Retail, Mixed Use
Est. Income
$82,299 p/a
Land Area
493 m² (*approx)
Floor Area
258 m² (*approx)
Selling Method
Auction
Auction Date
5 Sep 2024 06:00PM
Add to calendar
Selling Details
CURRENT BID $1.05 M

2. Property Highlights

Healthy Freehold Investment

CURRENT BID $1,050,000 - 4 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 busy Glebe Road, in the inner-suburb of Adamstown this organic grocery store has been operating for (11) years. Its position provides front of mind awareness whilst being easily accessible to the greater Newcastle market place

Returning $82,299pa + OGs + GST with the lease expiring in September 2026, the tenant has given no indication they want to do anything else but power on. With a full commercial kitchen mothballed since covid the next phase of growth is the cafes re opening.

Bidding is expected in the early $1millions for this income producing investment property plus being in a high density residential zoning, there may be an alternative for the property at some point in the future.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Steve Dick
Steve Dick
+61 *** *** *** show +61 400 000 947

Download Development Site Report
Steve Dick
Steve Dick
+61 *** *** *** show +61 400 000 947

3. Property Location

621 Glebe Road, Adamstown, NSW, 2289

Property Map
Street View
621 Glebe Road, Adamstown, NSW, 2289 Adamstown
MOVABLE
MOVABLE
92-94 Darby Street, Cooks Hill, NSW, 2300
Steve Dick
Steve Dick
+61 *** *** *** show +61 400 000 947
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