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154 Park Avenue, Kotara, NSW 2289
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Property Highlights

Tenanted investment opportunity in Kotara Bulky Goods precinct
  • Flexible B5 Business Development zoning
  • Leased to established tenant
  • 21 allocated car parking spots

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 $107,981.64* 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

Remember to mention you found this property on DevelopmentReady

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