118-120 Newcastle Road,
Wallsend, NSW 2287
Shops & Retail • Warehouse, Factory & Industrial
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Savills - Sydney CBD
Level 25, 1 Farrer PlaceSYDNEY, NSW 2000
118-120 Newcastle Road
Wallsend, NSW 2287
Map of 118-120 Newcastle Road
Prominent Multi-tenanted Retail Warehouse Investment Opportunity Located on Major Arterial Road
- Prime Location on Major Arterial Road
- Significant Land Size of 3,082sq m*
- Strong Potential Rental Reversion
The Savills Metropolitan & Regional sales team are pleased to present to the market 118-120 Newcastle Road, Wallsend. Three prominent retail warehouse buildings located on a tightly held major arterial road (Newcastle Road).
• Dual-street frontage with 25* on-grade car parking spaces
• Total annual net income (fully leased) of $218,600 * plus GST
• Rental reversion potential through re-letting Unit 3
• Demolition clause across both leases providing future flexibility
• Significant development potential for future repositioning (STCA)
• Zoned IN2 Light Industrial
• Located in Newcastle’s fastest growing suburb for retail warehousing, bulky retail and industrial with renowned tenants such as Aldi, Woolworths, Reece and TJM in the immediate precinct
• Extremely high levels of passing vehicular traffic with an average daily count of 33,052 (according to Newcastle City Council)
• Positioned to capitalise on the expanding Newcastle Western Corridor Urban Release Area
For further information, please contact one of the selling agents.
*Approx.
• Dual-street frontage with 25* on-grade car parking spaces
• Total annual net income (fully leased) of $218,600 * plus GST
• Rental reversion potential through re-letting Unit 3
• Demolition clause across both leases providing future flexibility
• Significant development potential for future repositioning (STCA)
• Zoned IN2 Light Industrial
• Located in Newcastle’s fastest growing suburb for retail warehousing, bulky retail and industrial with renowned tenants such as Aldi, Woolworths, Reece and TJM in the immediate precinct
• Extremely high levels of passing vehicular traffic with an average daily count of 33,052 (according to Newcastle City Council)
• Positioned to capitalise on the expanding Newcastle Western Corridor Urban Release Area
For further information, please contact one of the selling agents.
*Approx.
Property ID: 503452158Last Updated: 27 Jan 2021
Savills - Sydney CBDLevel 25, 1 Farrer Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Savills - Sydney CBD
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
978-980 Hunter Street,Newcastle West, NSW 2302 3193 m²Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
Contact Agent
220 Hunter Street,Newcastle, NSW 2300 864 m²Development Sites & Land • Shops & Retail • Offices