Mulligan Property are pleased to present Shops 1 – 7 / 121 Nelson Street, a strategic prominent position with commanding appeal for the astute purchaser.

Located in the Western Newcastle region of Wallsend, the opportunity focuses on key attributes to allow for further growth, development or strata title opportunities stca.

Key Features:

Seven (7) tenancy structure encompassing over two levels.
A sound variety of tenancies, most being long term.
Considerable internal floorspace.
Single title holding.
Land holding 820m2, access from Nelson, Tyrrell and Council Street.
Passive holding income while value-add and development approvals are obtained.
80% leased totalling approximately $148,000 gross with further capacity closer to $190,000

Zoning and Development attributes:

E1 Local Centre, FSR 2:1
14m height limit
Multitude of mixed-use development aspects across commercial, retail and residential sectors
Strata title opportunities stca.

Location:

Less than 500m to Coles Shopping Precinct
1km to major motorways for Hunter Valley, Sydney, and Central Coast
300m to Springs Hotel, 600m to McDonalds and 2km to Bunnings
8 minutes to Newcastle University and 20 minutes to Newcastle CBD

Information Memorandum Available on Request.

Contact Jesse Mulligan on 0432 160 186

DISCLAIMER
We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy.
Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits.