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
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