This is a wonderful free standing Torrens Title building in excess of 400 square metres in size and positioned on “busy” Nelson Street with excellent exposure and profile. The premises are configured into 3 separate tenancies although currently occupied by 2 long term tenants, with holding income circa $45k per annum.

We see the large main office space, which is in excess of 200square metres, being re-introduced as medical usage by an owner occupier who wants a holding income across 2 tenancies while they run their own business and own their own premises.

The front two tenancies are configured as a men’s barber & the other, an office suite, that share a kitchenette & toilet facilities, however separate from each other in every other aspect. The rear leasehold is 100% seperate from the front two & broken up into a mix of office spaces & consultation rooms, and has the added benefit of rear access parking or storage.

This long held investment has become surplus to our owners need and will be sold to an astute occupier and investor who wants to capitalise on a fantastic structure and locale.

With an enviable location, being only minutes to the Newcastle Link Road & 20 minutes to the heart of Newcastle’s CBD & a stack of public parking just around the corner. The B2 Zoning allows for a vast array of usages, from medical to office suites, or shop front retail. Other notable aspects listed below!

- Holding income of approx. $45,000 PA.
- Site area – 423sqm approx.
- Well suited for Allied Health Medical tenancy.
- High Traffic location, fantastic exposure!
- Public Parking at rear & Kemp St

For sale by EOI Closing March 4 2022 if not sold prior.

Proudly marketed by LJ Hooker Maitland, please contact exclusive agents Todd Fisher 0438 592 920 or Ben Cotton 0434 638 822 for all inspections & further information.

All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.