Skip to main content
89-91 Young Street
Carrington NSW 2294
SearchBack to results
Sold on 22 May 2024

89-91 Young Street Carrington NSW 2294

  • Offices
  • 916 m²
  • Sold

Multi-tenanted freehold investment in high growth suburb

  • Net income $187,100* pa + GST
  • 100% leased
  • WALE of 5.5 years

For Sale by Auction on 22 May 2024 at 11am

Located in a bustling suburban area, this property is a standout mixed-use investment. It features a new 10 year lease with Bottlemart, alongside a renowned bakery, a first-floor commercial office, and a popular takeaway shop. Generating $187,100* net annually plus GST and boasting a solid 5.5 year WALE, the ongoing success of these established tenants highlights their exceptional service and significant contribution to the Newcastle region. In addition, the unimproved capital value (UCV) of the property has shown remarkable growth, increasing by approximately $2,000 per week over the past seven years, highlighting its escalating market value and investment potential.

Furthermore, the property offers practical amenities including eight car parks accessible via Thornton Street at the rear, complemented by a main roller door with an eave clearance of 4.5m* for ease of stock drop-off and storage. This setup ensures smooth operational flow for businesses, enhancing its appeal to tenants and investors alike.

Key features includes:
- Anchored by a brand new 10 year lease to Bottlemart
- April 2024 Net income $187,100* per annum plus GST
- May 2024 Net income $191,700* per annum plus GST
- Eight car parks
- UCV has historically increased by $2,000* per week in the past 7 years of ownership
- 100% leased with multiple income streams
- Whole building in a prominent location
- WALE of 5.5 years

*Approximately

AUCTION

Auction date and time22/05/2024 11:00
Auction locationVia online portal Auctions live or in room at Commercial Collective office
Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold22 May 2024
Floor Area916 m²
Land AreaAsk Agent
Parking8 x Onsite parkings
Building TypeWhole building
Property ID2019207073
Category
Last updated  22 May 2024
Map for 89-91 Young Street Carrington NSW 2294

Nearest transport* to 89-91 Young Street Carrington NSW 2294

Bus
Train
Tram
Ferry
Did you find this helpful?
Yes
No
Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold22 May 2024
Floor Area916 m²
Land AreaAsk Agent
Parking8 x Onsite parkings
Building TypeWhole building
Property ID2019207073
Category
Last updated  22 May 2024

Co-Agents

Isaac Reville
Commercial Collective
Call
0401 468 759

More about 89-91 Young Street Carrington NSW 2294

89-91 Young Street Carrington NSW 2294 is categorized as Office. It has a floor area of 916 m². There are 8 x onsite parkings.The listing ID for this property is 2019207073.

More Offices properties for Sale in Carrington NSW

Sold
89-91 young street,carrington, NSW 2294
916 m²
Offices
Sold
153 young street,carrington, NSW 2294
639 m²
Offices
Sold
87-89 hunter street,newcastle, NSW 2300
500 m²
Offices