Residential Property Sold
- About this property
- Explore Cessnock
Healthy Mixed Business Commercial Building OpportunityProperty ID 1517579Located in a prominent position on one of Cessnock arterial roads, this multi-tenant commercial property offers the opportunity to diversify your income stream.
The property is situated on 2725m2 block sharing the common property with Strata 5 (bottles shop not included in the sale). Offered for sale is the main centre consisting of 4 strata tiles and dividing into 8 shops, with 3 shops currently vacant and available for lease.
The property currently nets a healthy return of $71,284 p/a gross plus GST with the potential to expand with outgoings on the property being approximately $34,400 p/a.
Shops are currently leased to the following businesses:
• Leonie's Seafood & Burgers
• Cessnock Grooming
• Darby's Pies
• Adventure Bike Specialists
• Hair Cellar
Don't miss this opportunity to invest in a multi-tenant commercial building in the growing city of Cessnock.
For more information, please call James Matthews on 0402 773 476.