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88 Darby Street
Cooks Hill NSW 2300
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Sold on 19 Jul 2023

88 Darby Street Cooks Hill NSW 2300

  • Shop & Retail
  • 360 m²
  • Sold

Investment opportunity on renowned "Eat Street" of Cooks Hill

  • Dual income investment
  • Returning $118,751* net per annum + GST

For Sale by Public Auction on Saturday 22 July 2023 at 12pm on-site

88 Darby Street, Cooks Hill is a fully tenanted investment opportunity, with two commercial leases generating a substantial annual net income of $118,751* per annum plus GST.

The property offers dual income with the ground floor occupied by Dumpling Flavour until April of 2027. The first floor is occupied by the popular Wings and Tins restaurant in a lease until 2026 with a further 5-year option. Both tenancies have a fully fitted commercial kitchen equipped with cool rooms and a grease trap. Both ground floor and level one tenancies offer convenient amenities with approximate seating for 145 customers across both tenancies.

The asset offers great exposure along the busy Darby Street in Cooks Hill and presents an attractive dual income investment prospect with promising returns.

Key features include:

- Two commercial leases generating $118,751* net per annum + GST
- Two fully fitted commercial kitchens
- Includes grease trap, cool rooms, and ample storage
- Amenities available on both ground floor & level 1
- High exposure along Darby Street

*Approximately

AUCTION

Auction date and time22/07/2023 12:00
Auction location88 Darby Street, Cooks Hill
Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold19 Jul 2023
Floor Area360 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypeWhole building
Property ID2018597398
Category
Last updated  20 Jul 2023
Map for 88 Darby Street Cooks Hill NSW 2300

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Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold19 Jul 2023
Floor Area360 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypeWhole building
Property ID2018597398
Category
Last updated  20 Jul 2023

Co-Agents

Brad Crouch
Commercial Collective
Call
0411 343 768
Jacob Siever
Commercial Collective
Call
0481 553 762

More about 88 Darby Street Cooks Hill NSW 2300

88 Darby Street Cooks Hill NSW 2300 is categorized as Shop & Retail Property. It has a floor area of 360 m². The listing ID for this property is 2018597398.

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