Knight Frank is pleased to present an exciting prospect for investors boasting a renewed 5-y...Read More ear lease to an established real estate services business on a large, improved land holding in Newcastles premier retail precinct.

The Property is positioned in the heart of Darby Street, a popular entertainment precinct with cafes, restaurants and retail shops trading day and night, seven days a week, servicing the affluent surrounding beachside suburbs and the City Centre.

The appeal is further broadened by the future development potential and there is the opportunity to improve the land parcel by purchasing the adjoining property known as 25A Queen Street consisting of a 2 bedroom cottage on a 206sqm* site offered for sale, separately by Knight Frank.

Features:
- Renewed 5+5 year lease
- Leased to an established real estate agency (since 1975)
- Net income $162,261 per annum + GST
- Modern building
- 18 car parks
- Net Lettable Area - 396sqm*
- Site area - 986sqm*
- Prime retail location
- Future development upside