THINK BIG: An investment opportunity at 240-244 Pacific Highway, Charlestown.CHARLESTOWN asset The Forum at 240-244 Pacific Highway is for sale via expressions of interest closing on November 13.
It is an investment property with a strong tenant mix including Hoyts Six Cinema complex, Suncorp(AAMI ), Link Group (PSI Superannuation), JobFind and Commonwealth Rehab Services.
Alongside the Mattara Hotel and near GPT’s flagship Charlestown Square, the property is listed through Colliers agents Peter Dodds and Adam Leacy. Agents say future development potential includes residential apartments up to a height of 30metres subject to council approval.
The Hoyts lease runs to June 2026 plus options.
Offering 6554square metres of lettable space and 226 car spaces, it attracts an income of $2,004,321 per year.
VACANT: 414 High St, Maitland.
A VACANT building in a central Maitland Mall location is for sale. With an asking price of $460,000 plus GST, the airconditioned building comprises two offices and open-plan space, with a separate kitchen and amenities area.
Located at 414 High Street, Maitland, it’s listed through Tony Cant Real Estate agent Michael Maffey.
‘‘This is a quality building at the start of the Maitland Mall and worthy of a look by investors and owner occupiers alike,’’ he said.
READY: An ariel view of 37 Wilsons Rd, Mount Hutton.
EXPRESSIONS of interest will close next month for a residential development site at Mount Hutton.
Situated at 37 Wilsons Road, the 27,190-square-metre site is currently DA approved for a 16-lot subdivision with lots ranging in size from 900square metres to 2894square metres.
It is estimated the 16 lots would accommodate approximately 75 medium density dwellings.
The site had previous consent for a 20-lot subdivision comprising 86 medium density dwellings.
On the southern side of Lake Macquarie Fair shopping centre, which is anchored by Coles, Woolworths, Big W, KFC and the Lake Macquarie Tavern, it is less than 10minutes from Charlestown Square and 20minutes from Newcastle’s central business district.
Expressions of interest close on Thursday, November 13 through Knight Frank Newcastle agent Josh Smith.
‘‘The property offers an outstanding opportunity to purchase a small residential development site in the expanding area of Mount Hutton [Lake Macquarie], within 100metres of Lake Macquarie Fair shopping centre. All of the hard work in relation to planning has been done, just purchase and develop,’’ Mr Smith said.
TENANTED: 956 Hunter St, Newcastle.
A TWO-LOT strata development on the northern side of Hunter Street will go under the hammer next month. Two hundred metres west of the Tudor Street intersection, the ground-floor single-storey office building at Lot 2, 956 Hunter Street, has been refurbished and is zoned B4 Mixed Use under the Newcastle Local Environmental Plan 2012.
The building has a reception area, multiple meeting rooms and offices, two boardrooms, a large open-plan area with quality work stations, staff break-out rooms, lunch room, amenities and disabled access.
It sits above a common under-croft car park with approximately 23 spaces available, as well as a common entry foyer accessed directly from the car park.
The tenancy has a further two entry points both located at the front of the building on Hunter Street.
Leased to Mission Australia until 2016, and 991square metres in size, the property attracts a current rental of $145,921.70 per year (plus GST).
It will go to auction on Friday, November 14 at 10.30am through Colliers agents Adam Leacy and Michael Chapman.Continue Reading →