219 Wollombi Road

Cessnock NSW 2325

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› 219 Wollombi Road, Cessnock NSW 2325

Sold on 29 Jan 2025

219 Wollombi Road Cessnock NSW 2325

Factory, Warehouse & Industrial
576 m²
Sold

UNDER OFFER - High exposure investment opportunity

Net income $63,408* p.a (plus GST)
New 5 + 5 year lease expiring July 2029
Main road exposure

The property features a portal frame, metal clad and brick veneer commercial premises situated prominently on Wollombi Road, Cessnock. Accessed via the main carpark to Cessnock Village, the premises benefits from ample customer and staff parking. The site also offers pedestrian access from Wollombi Road leading to a courtyard display area.

The site is zoned E2 Commercial Centre with a small portion being RE1 Public Recreation under Cessnock LEP 2011.

The site has been operating as a paint and tile outlet for over 15 years, with the current business having been in occupation for 3 years. The lease has recently been renewed for a 5-year term with a 5-year option, secured by a two month cash security deposit and director guarantees. The net rent is $63,408* per annum with the tenant responsible for 100% of the outgoings. The lease expiry date is 17 July 2029.

For Sale by Expressions of Interest closing Wednesday 27 November 2024 at 4pm (AEDT).

*Approximate

EXPRESSION OF INTEREST

Closing date and time	27/11/2024 16:00
Recipient name	Ask Agent
Delivery address	Ground Floor, 18 Honeysuckle Drive, Newcastle

Colliers Newcastle

Ground Floor, 18 Honeysuckle Drive

Newcastle, NSW 2300

Property Highlights

Date Sold	29 Jan 2025
Floor Area	576 m²
Land Area	1,333 m²
Parking	Ask Agent
Property ID	2019561552
Category	Factory, Warehouse & Industrial
Last updated	11 Apr 2025

Map for 219 Wollombi Road Cessnock NSW 2325

Nearest transport* to 219 Wollombi Road Cessnock NSW 2325

Bus

Train

Tram

Ferry

Cessnock Pool, Allandale Rd	105 m
Vincent St At Edward St	110 m
Cessnock City Library, Vincent St	164 m
Allandale Rd Opp Ferguson St	286 m

*Within a 4km radius

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nbn® Fibre to the Node (FTTN) is available in this property

Max wholesale speed tier available: nbn® Fibre to the Node

Colliers Newcastle

Ground Floor, 18 Honeysuckle Drive

Newcastle, NSW 2300

Property Highlights

Date Sold	29 Jan 2025
Floor Area	576 m²
Land Area	1,333 m²
Parking	Ask Agent
Property ID	2019561552
Category	Factory, Warehouse & Industrial
Last updated	11 Apr 2025

Co-Agents

Colliers Newcastle

Colliers Newcastle

Colliers Newcastle

More about 219 Wollombi Road Cessnock NSW 2325

219 Wollombi Road Cessnock NSW 2325 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 576 m² and a land area of 1,333 m². The listing ID for this property is 2019561552.