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Newcastle's Premier Commercial Real Estate Agency
Commercial Collective is pleased to present 129 John Street, Singleton. Spanning 2,000sqm* across two floors, this Art Deco Retail and Commercial building is located in the prime area of the main street in Singleton's CBD.
129 John Street offers a profitable investment opportunity with ten diverse tenants and the upside for further tenancies, expanding upon the $241,470.00* passing income per annum.
This vacant space has the potential to be transformed into "New York" style residential apartment studios (STCA) enhancing the market appeal and is zoned MU1 Mixed Use, opening up a range of possibilities. The property is currently occupied by two long-term tenants of ten years and three tenants for over six years.
Key Features:
- 10 separate tenancies
- Current passing rent $241,470.00* per annum
- Includes rent guarantees until 31/12/2024 for vacancies
- 2 x tenants occupied over 10 years with 3 other tenants 6+ years
- Lift access to 1st floor
- 2,000sqm* over 2 floors
- Zoned MU1 Mixed Use
- Upside from vacant space for further tenancies
- Vacant 1st floor space could suit "New York" style residential apartment studios (STCA)
*Approximately
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