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Unit 3/154 Park Avenue
Kotara NSW 2289
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Sold on 24 Aug 2022

Unit 3/154 Park Avenue Kotara NSW 2289

  • Factory, Warehouse & Industrial
  • 892 m²
  • Sold

Tenanted investment opportunity in Kotara Bulky Goods precinct

  • Flexible B5 Business Development zoning
  • Leased to established tenant
  • 21 allocated car parking spots

Positioned in a popular suburban commercial, bulky retail and residential area, the property offers a substantial investment opportunity with a long term tenant returning $66,012.84* net per annum plus GST. The current tenant, Motorserve are an established car servicing and insurance business servicing the greater Newcastle region. They are currently on a 5 year lease due to expire on 31 January 2025 with a further 5 year option in place with a market review if they are to exercise the option.

- Located in popular suburban commercial, bulky retail and residential area
- Close proximity to Westfield and the Kotara Homemaker Centre
- Flexible B5 Business Development zoning
- Long lease in place to established tenant
- 21 allocated car parking spots
- Neighbouring businesses such as Reece Plumbing, Searle Street Medical Centre, Celebrations, Creative Childcare and Active Hair and Beauty

*Approximately

Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold24 Aug 2022
Floor Area892 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2017747482
Category
Last updated  31 Aug 2022
Map for Unit 3/154 Park Avenue Kotara NSW 2289

Nearest transport* to Unit 3/154 Park Avenue Kotara NSW 2289

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Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold24 Aug 2022
Floor Area892 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2017747482
Category
Last updated  31 Aug 2022

Co-Agents

Brad Crouch
Brad Crouch
Commercial Collective
Call
0411 343 768
Byrne Tran
Byrne Tran
Commercial Collective
Call
0422 302 691

More about Unit 3/154 Park Avenue Kotara NSW 2289

Unit 3/154 Park Avenue Kotara NSW 2289 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 892 m². The listing ID for this property is 2017747482.

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