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Colliers - Newcastle

219 Wollombi Road Cessnock, NSW 2325

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219 Wollombi Road,
Cessnock, NSW 2325

Warehouse, Factory & Industrial

Price information

Sale - Expression of Interest closing Wed 27 Nov

Please contact agent

Key property information

Land area

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Expression of Interest

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Colliers - Newcastle
Trent Robertson
Jayson Robertson
Tim Woolf

Colliers - Newcastle

Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
Colliers - Newcastle
219 Wollombi Road
Cessnock, NSW 2325

Map of 219 Wollombi Road

Directions
  • Bus stops within 5 km of 219 Wollombi Road, Cessnock, NSW 2325Distance
    Cessnock City Library, Vincent St100 m
    Cessnock Pool, Allandale Rd154 m
    Wollombi Rd Opp Darwin St289 m
    Cessnock City Centre, North Av307 m
    Cessnock Leagues Club, Darwin St332 m
    POWERED BY HERE ©
POWERED BY HERE ©

High exposure investment opportunity

  • Net income $63,408* p.a (plus GST)
  • New 5 + 5 year lease expiring July 2029
  • Main road exposure
The property features a portal frame, metal clad and brick veneer commercial premises situated prominently on Wollombi Road, Cessnock. Accessed via the main carpark to Cessnock Village, the premises benefits from ample customer and staff parking. The site also offers pedestrian access from Wollombi Road leading to a courtyard display area.

The site is zoned E2 Commercial Centre with a small portion being RE1 Public Recreation under Cessnock LEP 2011.

The site has been operating as a paint and tile outlet for over 15 years, with the current business having been in occupation for 3 years. The lease has recently been renewed for a 5-year term with a 5-year option, secured by a two month cash security deposit and director guarantees. The net rent is $63,408* per annum with the tenant responsible for 100% of the outgoings. The lease expiry date is 17 July 2029.

For Sale by Expressions of Interest closing Wednesday 27 November 2024 at 4pm (AEDT).

*Approximate

Property ID: 504712212Last Updated: 22 Oct 2024

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