196 Union Street,
The Junction, NSW 2291
Shops & Retail • Offices
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Zoning
Tenure type
Sold on
Map of 196 Union Street
NEWCASTLE FREEHOLD BANK INVESTMENT
- 7 Year Lease to CBA + Options to 2031
- Net Income : $174,389*p.a
- 100% Leased Freehold
CBRE is pleased to offer 196 Union Street, The Junction to market.
Currently occupied by the Commonwealth Bank, Australia’s largest ASX listed company, the property is located within walking distance to both the Newcastle CBD and Merewether Beach.
The property benefits from the following key attributes:
- Multi-tenanted investment anchored by blue-chip tenant
- 7-year lease to Commonwealth Bank with options to 2031 - fixed 5% annual increases
- First-floor lease to Hart Accountants - SMSF tax specialists
- NLA of 340sqm*
- Net income of $174,389*p.a.
- Positioned within walking distance to Junction Fair Shopping Centre, Merewether Beach (800m*) and Newcastle CBD (1.3km*)
- Future upside due to strong population growth forecasted for Newcastle over the next two decades
The property will be offered for sale by way of public auction at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney on Tuesday, 24 April, 2018 at 10.30am.
For further information please contact the exclusive listing agents at CBRE:
Xavier Rahme
0415 711 6...
Nicholas Heaton
0408 025 0...
Currently occupied by the Commonwealth Bank, Australia’s largest ASX listed company, the property is located within walking distance to both the Newcastle CBD and Merewether Beach.
The property benefits from the following key attributes:
- Multi-tenanted investment anchored by blue-chip tenant
- 7-year lease to Commonwealth Bank with options to 2031 - fixed 5% annual increases
- First-floor lease to Hart Accountants - SMSF tax specialists
- NLA of 340sqm*
- Net income of $174,389*p.a.
- Positioned within walking distance to Junction Fair Shopping Centre, Merewether Beach (800m*) and Newcastle CBD (1.3km*)
- Future upside due to strong population growth forecasted for Newcastle over the next two decades
The property will be offered for sale by way of public auction at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney on Tuesday, 24 April, 2018 at 10.30am.
For further information please contact the exclusive listing agents at CBRE:
Xavier Rahme
0415 711 6...
Nicholas Heaton
0408 025 0...
Property ID: 502762990Last Updated: 27 Jun 2018
196 Union Street
The Junction, NSW 2291
CBRE - SydneyLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
