107 Young Street Carrington NSW 2294

This rare opportunity to acquire a Freehold mixed-use opportunity on vibrant Young Street, Carrington with development upside. Perfectly located in the buzzing Young Street precinct across the road from The Young Street Hotel and only a short stroll to Newcastle's entertainment precinct, this high-quality commercial retail space plus a spacious three-bedroom attached home has it all. Both the retail and the residential spaces have separate entry + Parking for up to eight cars out front, carport attached to the residence and internal access between properties if needed.

This quality property currently has a long term tenancy in place netting approximately $34,704 per annum with fixed annual increases, making it the perfect opportunity for owner-occupiers and investors alike.

The modern attached home boasts 3 large bedrooms, modern dining and living areas and a refurbished kitchen overlooking the large fully fenced backyard. The retail space operates as a SPAR Supermarket, and attracts many locals and visitors, being the only general store in the area. The shop is in excellent condition and has been meticulously maintained.

X-Factors Floor space: 196 sqm approx. 8 Parking Spaces Lease 5 years since November 2019 Zoning: Development Zone Municipality: Newcastle Council Large modern 3 bedroom home High ceilings, timber floors, kitchen & bathroom High quality retail space Premium location and street exposure Minutes to The Marina and Newcastle Interchange