621 Glebe Road Adamstown NSW 2289

Shop & Retail
258 m²
Sold

Healthy Freehold Investment

CURRENT BID $1,050,000 - 4 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steven Dick on 0400 000 947 immediately to become qualified and avoid disappointment.

Situated on busy Glebe Road, in the inner-suburb of Adamstown this organic grocery store has been operating for (11) years. Its position provides front of mind awareness whilst being easily accessible to the greater Newcastle market place

Returning $82,299pa + OGs + GST with the lease expiring in September 2026, the tenant has given no indication they want to do anything else but power on. With a full commercial kitchen mothballed since covid the next phase of growth is the cafes re opening.

Bidding is expected in the early $1millions for this income producing investment property plus being in a high density residential zoning, there may be an alternative for the property at some point in the future.

AUCTION

Auction date and time	05/09/2024 18:00
Auction location	Openn Negotiation

MOVABLE - Commercial

92-94 Darby Street

Newcastle, NSW 2300

Property Highlights

Date Sold	2 Oct 2024
Floor Area	258 m²
Land Area	493 m²
Parking	Ask Agent
Property ID	2019352422
Category	Shop & Retail
Last updated

Map for 621 Glebe Road Adamstown NSW 2289

Nearest transport* to 621 Glebe Road Adamstown NSW 2289

Bus

Train

Tram

Ferry

Glebe Rd Opp Adamstown Uniting Church	94 m
Brunker Rd Before Glebe Rd	124 m
Brunker Rd After Glebe Rd	138 m
Adamstown Community Early Learning, Glebe Rd	170 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

MOVABLE - Commercial

92-94 Darby Street

Newcastle, NSW 2300

Property Highlights

Date Sold	2 Oct 2024
Floor Area	258 m²
Land Area	493 m²
Parking	Ask Agent
Property ID	2019352422
Category	Shop & Retail
Last updated

Listed by

Steve Dick

MOVABLE - Commercial

Call

0400 000 947

More about 621 Glebe Road Adamstown NSW 2289

621 Glebe Road Adamstown NSW 2289 is categorized as Shop & Retail Property. It has a floor area of 258 m² and a land area of 493 m². The listing ID for this property is 2019352422.