21 Bourke Street Raymond Terrace NSW 2324

Shop & Retail
867 m²
For Sale, Contact Agent

Fully leased high profile large format retail investment

Brand new five-year term
Longstanding national tenant
$122,038* net passing income per annum

Knight Frank Newcastle is pleased to offer Lear & Smith, 21 Bourke Street, Raymond Terrace to the market For Sale.

Occupied by nationally recognised tenant, Rexel Australia trading as Lear & Smith Electrical Wholesalers, Rexel has been in the Australian electrical industry for over 100 years with a nationwide network of 127 branches.

Key investment highlights include:
- New five-year lease with option to 2035
- Lear & Smith have been in occupation at the property for 16 years
- High profile 867 sqm* GFA building, comprising a modern LFR showroom and rear warehouse and hardstand area
- Current passing income of $122,038* net per annum (plus GST)
- Strategic position that has strong fundamentals (main road exposure and is 250 m* from MarketPlace Raymond Terrace, a large regional shopping centre)
- Port Stephens LGA is home to over 75,000* people

For more information or to arrange an inspection, please contact the exclusive selling agents.

*Approximate

Knight Frank Newcastle

Suite 1, Ground Floor 168 Parry Street

Newcastle, NSW 2300

Property Highlights

Floor Area	867 m²
Land Area	Ask Agent
Parking	Ask Agent
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019232264
Category	Shop & Retail
Last updated

Map for 21 Bourke Street Raymond Terrace NSW 2324

Nearest transport* to 21 Bourke Street Raymond Terrace NSW 2324

Bus

Train

Tram

Ferry

Adelaide St Opp Cinema Centre	97 m
Irrawang St Near Kangaroo St	167 m
Port Stephens Council, Adelaide St	173 m
St Brigid's Catholic Church, Irrawang St	235 m

*Within a 4km radius

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Knight Frank Newcastle

Suite 1, Ground Floor 168 Parry Street

Newcastle, NSW 2300

Property Highlights

Floor Area	867 m²
Land Area	Ask Agent
Parking	Ask Agent
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019232264
Category	Shop & Retail
Last updated

Co-Agents

Carl Ellis

Knight Frank Newcastle

Call

0429 404 183

Blake Phelps

Knight Frank Newcastle

Call

0468 568 200

More about 21 Bourke Street Raymond Terrace NSW 2324

21 Bourke Street Raymond Terrace NSW 2324 is categorized as Shop & Retail Property. It has a floor area of 867 m². The listing ID for this property is 2019232264.