Located a few minutes from the heart of Newcastle’s CBD in the coastal township of Stockton this enclave of retail establishments is in the centre of Stockton’s commercial precinct with the main IGA supermarket as one neighbour and further retail as another.
- Comprises of 11 RETAIL TENANCIES and 2 RESIDENTIAL TENANCIES.
- Currently returning $227,800.48 (gross).
- Potential return when fully let $273,619.00 (gross).
- Nett lettable area of approximately 918m2.
- Good mixture of key tenancies with strong established leases.
- Double street frontage with car park at rear.
- Strong growth located close to Newcastle Airport and 3 growing employment zones.
- Popular seaside destination has growing tourism and special event trade.
- Opportunity to VALUE ADD through further development options (STCA).
- Motivated vendor keen to facilitate a sale.
This busy retail centre is positioned only a five minute walk from Ferry terminal to City, Stockton main beach and break wall and the river itself, very accessible and visible from all compass points.
The centre has a range of tenants from Building Societies to Bakery, Café, Hairdresser, Beautician, Ladies Apparel and Pathology with opportunity to expand.
With an 11 metre height limit there is opportunity for future development to increase income (subject to Councils approval).
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