CURRENT BID $1,050,000 - 4 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steven Dick on 0400 000 947 immediately to become qualified and avoid disappointment.
Situated on busy Glebe Road, in the inner-suburb of Adamstown this organic grocery store has been operating for (11) years. Its position provides front of mind awareness whilst being easily accessible to the greater Newcastle market place
Returning $82,299pa + OGs + GST with the lease expiring in September 2026, the tenant has given no indication they want to do anything else but power on. With a full commercial kitchen mothballed since covid the next phase of growth is the cafes re opening.
Bidding is expected in the early $1millions for this income producing investment property plus being in a high density residential zoning, there may be an alternative for the property at some point in the future.