'The Terrace' Hotel Investment
The property presents an opportunity to acquire a boutique inner city hospitality building with a lease in place until August 2022, with three further option periods of five years each. Strategically positioned within the city’s growth corridor, the property is currently returning $115,565* net per annum.
In recent years, the property has undergone a complete refurbishment featuring brand new commercial kitchen on the ground floor, bar area, dual amenities and lounge area overlooking Hunter Street. The refurbishment also included a first floor cocktail bar and secluded open air rooftop terrace.
- Site area 289 sqm*
- Gross Floor Area 501 sqm*
- Zoned B4 Mixed Use
For Sale by Public Auction
Wednesday 11 December 2019 at 11:00am (AEDT)
Auction to be held in rooms at Novotel Newcastle Beach
5 King Street, Newcastle NSW