29 Mitchell Street,
Stockton, NSW 2295

Auction Location: Novotel Newcastle

Auction Wednesday 5 May 2021 at 11am

The Auction will be held at Novotel Newcastle Beach - 5 King Street, Newcastle

Located on Stockton's busy local retail strip, this fully leased investment is anchored by along term tenant and offers a recently commenced five year lease expiring November 2025.

The property has a site area of 344sqm* and has on-street parking and easy access to public transport including ferry and bus networks.

- New five year lease until 2025 with options
- Current income $60,000* net pa + GST
- Diversified income - Australia Post and newsagency
- 1 bedroom apartment attached to commercial premises
- High underlying land value
- Future vertical development potential (STCA)

*Approximately