Burgess Rawson is pleased to offer to the market, The Bayside Centre, a premium Large Format Retail Centre anchored by a new freestanding Hungry Jack's, located at 10-16 Medcalf Street (Newcastle) NSW for sale via Expressions of Interest.
The property has the following key investment highlights:
+ Dominant large format retail centre, further enhanced by a newly constructed freestanding Hungry Jack's with dual-lane drive-thru
+ Leases up to 10 years with options extending up to 2051
+ Hungry Jack's: national fast food giant operating over 450 stores with 19,000+ employees
+ National Tiles Retail & Trade: a Nationally recognised retailer with over $215 million of revenue in 2024
+ Salvation Army Australia: 140+ year old 'government funded' retailer with over 400 stores nationally and an aggressive growth strategy
+ Anytime Fitness: world's largest gym chain with over 5,200 clubs worldwide
+ Choices Flooring: Australia's most progressive flooring retailer, with over 140 stores across the country
+ Koorong: Australia's leading Christian community bookstore with stores in every state across Australia
+ Significant 12,674 sqm* corner freehold
+ High exposure to thousands of vehicles passing daily with 245 metres of dual street frontage to King Street and Medcalf Street
+ Future rental uplift with current below market rental rates
+ Strategically located opposite McDonald's and in close proximity to KFC, Guzman y Gomez, Officeworks, The Good Guys, Autobarn, Petstock, Petbarn, Pillow Talk, Supercheap Auto and more
+ Prominently positioned on one of Newcastle's busiest roundabout intersections, in the heart of one of NSW's fastest-growing urban centres
+ Newcastle: key growth region that produces over $21 billion annually
+ Net Income: $1,161,231 pa* + GST
To be sold via Expression of Interest closing
3pm AEST Wednesday 21 May 2025
