Unit 3 / 154 Park Avenue, Kotara NSW 2289

Kotara

Unit 3 / 154 Park Avenue

  • For Sale

Tenanted investment opportunity in Kotara Bulky Goods precinct

For Sale by Expressions of Interest closing Thursday 26 May 2022 at 4pm

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

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