 Asset Class: | Office |
 Price: | $ 2200000 |
 Net Yield: | 7.40 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
It is with great pleasure that we present this outstanding off-market commercial property located in Charlestown, one of Newcastle’s most sought-after regions. This updated office space boasts a secure, long-term lease with a financially robust tenant, ensuring peace of mind for any discerning investor. Situated in a prime location, this property is a rare find in Newcastle’s thriving commercial market.<br>Offering a remarkable 7.4% yield, this asset stands out as an exceptional opportunity in a market known for its increasingly competitive returns. The Newcastle region has become a hotspot for investment, driven by strong migration trends, significant population growth, and limited opportunities delivering high yields. A property of this caliber at $2.2 million is not only competitively priced but also a testament to the strength of this emerging market.<br>As one of the most vibrant and fast-growing regions in New South Wales, Newcastle continues to attract attention from investors nationwide. The combination of a strategic location, robust tenancy, and outstanding yield makes this property an ideal acquisition for those looking to capitalize on the region’s upward momentum. Don’t miss the chance to secure a premium commercial property in one of Australia’s most dynamic markets.
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Charlestown has been identified as a strategic economic centre for Lake<br>Macquarie and the wider Hunter Region, providing a wide range of services,<br>community facilities, retail, and employment to a wide spatial catchment.<br>Frequent public transport connections are available from Charlestown into<br>Newcastle, University of Newcastle Callaghan Campus, Lake Macquarie,<br>John Hunter Hospital, and adjoining suburbs.<br><br> <br>Major redevelopment at Charlestown continues to attract intensive multi-<br>storey commercial and residential development. The route between<br>Charlestown and Belmont is a key growth corridor, with a focus on<br>redevelopment of underdeveloped sites.<br><br> <br>Charlestown Square is the largest shopping centre in the Hunter Region<br><br>and is within walking distance of Landmark. Home to approximately 250<br>tenants, this strong performing sub-regional centre is 14th for specialty sales<br>productivity in Australia and has an annual foot traffic of 12.5 million.<br><br> <br>The centre comprises of Woolworths, Coles, ALDI, Myer, Target and Big W,<br>and hosts an abundance of complementary entertainment specialties such as<br>Strike Bowling and Timezone, offered over 93,500sqm of GLAR. Charlestown<br>Square services a trade area population of 577,770, where average household<br>income is 12.2% higher than the non-metro NSW average. <br><br> <br><br> <br><br> <br><br>
Additional Location Information FileNorthrop Consulting Engineers <br>The company was founded in 1987 and has since grown to become a<br>leading provider of engineering and consulting services in the country.<br>The company has since grown operating out of 9 offices with a team of<br>over 550 employees.<br><br> <br>Northrop provides a wide range of engineering services to clients in the<br>building and construction industry, including structural engineering,<br>civil engineering, mechanical engineering, electrical engineering, and<br>environmental consulting. The company also offers project management,<br>planning and design, and risk management services to ensure successful<br>project delivery.<br><br> <br>With a team of highly skilled and experienced engineers and consultants,<br>Northrop is committed to delivering innovative solutions that meet the<br>needs of its clients while maintaining a focus on sustainability and<br>environmental responsibility. The company's goal is to deliver projects<br>that are both functional and aesthetically pleasing, while also being cost-<br>effective and environmentally sustainable.<br><br> <br>See <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="http://www.northrop.com.au/"><u>www.northrop.com.au</u></a> for further information.
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Sales/Rental Comparisons – Lot 4/215-217 Pacific Highway Charlestown - $372 SQM • Level 5, Suite 502 Honey Suckle Drive – 171m2 @ $83,383 = $487m2 • Lot 9 215-217 Pacific Highway Charlestown – 149m2 @ $72,446 = $486m2 • Landmark Lot2 C101 215-217 Pacific Highway Charlestown – 386m2 @ $152,000 = $393m2
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<p style=""><span style="color:rgb(33, 33, 33);">Brand new 5 year lease to leading engineering consultancy firm to July 2029 plus an option to 2032</span></p><p style=""><span style="color:rgb(33, 33, 33);">Northrop Consulting Engineers: established engineering consultancy firm with 9 locations around the country</span></p><p style=""><span style="color:rgb(33, 33, 33);">Total strata area of 603 sqm, improved by 440 sqm of office space plus a 43 sqm balcony and 8 car parking spaces</span></p><p style=""><span style="color:rgb(33, 33, 33);">Strategic position with frontage to the Pacific Highway and in close proximity to Charlestown Square, anchored by national tenants JB Hi-Fi, Woolworths and Myer</span></p><p style=""><span style="color:rgb(33, 33, 33);">Charlestown: significant hub in the Lake Macquarie and wider Hunter Region, with population forecast to increase to 30,935 by 2046</span></p><p style=""><span style="color:rgb(33, 33, 33);">Hunter Region: booming economic hub, home to 798,963 people and producing an economic output of $164.7b*</span></p><p style=""><span style="color:rgb(33, 33, 33);">Attractive CPI annual rental reviews</span></p><p style=""><span style="color:rgb(33, 33, 33);">Tenant pays outgoings including council rates, land tax (on a single holding basis), air conditioning maintenance and strata levies (excluding special levies), as per the lease</span></p><p style=""><span style="color:rgb(33, 33, 33);">Net Income: $164,000 pa + GST</span></p>
