Sold Prior

A LITTLE MORE ABOUT THE PROPERTY

92-94 Darby Street, COOKS HILL, 2300, NSW

Knight Frank is pleased to present an exciting prospect for investors boasting a renewed 5-y...Read More

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

Auction Information

Sold Prior


Auction Schedule

  • Auction Ended 7 months ago
  • Starts (AEDT) Tue, 09/11/2021 11:00 AM
  • Ends (AEDT) Thu, 11/11/2021 12:00 PM
David Scholes

David Scholes

License No.:238350

Auctioneer In Charge

agency details

Newcastle Corporate Real Estate Services Pty Ltd  | Newcastle, 2300, NSW

Newcastle, 2300, NSW

Newcastle Corporate Real Estate Services Pty Ltd  | Brent Sinclair

Brent Sinclair

  • 0407 027 277

A LITTLE MORE ABOUT THE PROPERTY

92-94 Darby Street, COOKS HILL, 2300, NSW

    Knight Frank is pleased to present an exciting prospect for investors boasting a renewed 5-year 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

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    Download Contract

    Contracts available from your agent and for download once you have registered to bid

    If you wish to bid on this property, you must register with the agent and provide sufficient identification.

    Contracts available from your agent and for download once you have registered to bid

    Other Details

    • Site Area : 986 sqm
    • Building Area : 396 sqm

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