53 Glebe Road The Junction NSW 2291

Offices
171 m²
Leased

Iconic Commercial Opportunity in Highly Sought After Location

Occupying pride of place in one of the cities most sought after and tightly held locations this offering represents a rare opportunity for any commercial business in Newcastle.

Previously a long-term family business of 40 years, 53 Glebe Road resides in a commercial hot spot and is moments away from a variety of well know dining and shopping destinations.

Suitable for hospitality uses. Freestanding with easy access and drive through driveway, this property is situated on a corner block (Glebe Road and Watkins St) and has the potential for heavy foot traffic. Featuring glass windows around the entire corner which contribute to an enhanced patron experience, the site also contains separate male and female amenities/bathrooms and a variety of rooms which are wet-floor prepared.

With a total of 5 rooms, 53 Glebe Road is now ready for occupation.

Owner is currently upgrading electrical and external painting of existing premises.

Estimate Outgoings:

Newcastle Council Rates: $6,561.00
Hunter Water: $975.00 plus usage
Insurance: $4930.00
Land Value for Land Tax: $840,000
Total Outgoings Estimate: $12,466.00

Green St Property Sales

Shop 2/209 Hunter St

Newcastle, NSW 2300

Property Highlights

Date Leased	15 Mar 2021
Floor Area	171 m²
Land Area	309 m²
Parking	Ask Agent
Property ID	14897925
Category	Offices Shop & Retail
Last updated	15 Mar 2021

Map for 53 Glebe Road The Junction NSW 2291

Nearest transport* to 53 Glebe Road The Junction NSW 2291

Bus

Train

Tram

Ferry

Union St Opp St Joseph's Primary School	152 m
St Joseph's Primary School, Union St	153 m
The Junction Public School, Union St	211 m
Watkins St Near Patrick St	211 m

*Within a 4km radius

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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.