25-29 Llewellyn Street, Merewether NSW 2291


25-29 Llewellyn Street

  • Auction

100% occupancy with 15 year WALE - Medical and Childcare tenancy mix

Auction Tuesday 14 December 2021 at 11am at Yallamundi Rooms, Sydney Opera House

- Long lease terms to Childcare, Veterinary Clinic, Pharmacy and Medical
- All net leases of 10 to 20 years plus further options extending up to 2061
- Entire 1,126sqm* ground floor stratum of immaculate presentation
- Built 2018, excellent potential depreciation benefits
- One of Newcastle’s most desirable and affluent beachside suburbs
- Newcastle LGA population of 167,363* which is projected to grow to 199,680* by 2041 (ABS)
- Newcastle economy valued at $36.334* billion with strong forecast future growth
- Diversity with proven & experienced leading “Essential Service” asset classes
- Tenants pay outgoings as per leases
- Future potential for strata subdivision (subject to relevant approvals)
- Net Rent: $549,000* per annum + GST

*Approximately and outline indicative only

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