Rare opportunity to acquire a Freehold mixed-use opportunity on vibrant Young Street, Carrington with development upside. Perfectly located in the buzzing Young Street precinct across the road from The Young Street Hotel and only a short stroll to Newcastle's entertainment precinct, this high-quality commercial retail space plus a spacious three bedroom attached home has it all. Both the retail and the residential spaces have separate entry + Parking for up to eight cars out front, carport attached to the residence and internal access between properties if needed.
This quality property currently has a long term tenancy in place netting approximately $34,704 per annum with fixed annual increases, making it the perfect opportunity for owner occupiers and investors alike.
The modern attached home boasts 3 large bedrooms, modern dining and living areas and a refurbished kitchen overlooking the large fully fenced backyard. The retail space operates as a SPAR Supermarket, and attracts many locals and visitors, being the only general store in the area. The shop is in excellent condition and has been meticulously maintained.
X-Factors • Floor space: 196 sqm approx. • 8 Parking Spaces • Lease 5 years since November 2019 • Zoning: Development Zone • Municipality: Newcastle Council • Large modern 3 bedroom home • High ceilings, timber floors, kitchen & bathroom • High quality retail space • Premium location and street exposure • Minutes to The Marina and Newcastle Interchange
* This information has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.
Property ID: #1P5943
