16 McDougall Street, Kotara NSW 2289

Rare opportunity in Newcastle's premier commercial and retail precinct

For Sale via Expressions of Interest closing 21st November 2024 at 4pm (AEST)

Presenting an exceptional opportunity in the heart of Newcastle's premier commercial and retail precinct, this expansive warehouse spans 900sqm* of lettable area, offering substantial space for a wide range of businesses. Benefiting from high visibility and a prominent facade, 16 McDougal Street is strategically positioned to attract businesses seeking to establish themselves in one of Newcastle's largest and most sought-after retail hubs.

This 879sqm industrial property offers 100 amp 3-phase power, ideal for a range of uses. The 5.1m eave clearance and 3.6m wide, 4.2m high roller door provides easy access for large vehicles and loading. The space is perfect for warehousing, light manufacturing, or logistics businesses. Its proximity to a larger commercial retail precinct ensures convenience for suppliers, customers, and staff. With ample power and space, this property is well-suited for businesses looking for functional, flexible commercial retail space in a prime location.

Known for its expansive trade catchment covering the entire Hunter Region, Kotara is home to Westfield Shopping Centre with approximately 280 stores, and Kotara Home World, featuring major anchor tenants such as JB Hi-Fi, Nick Scali, Dan Murphy's, Domayne, Aldi, and Bunnings Warehouse. The surrounding precinct has historically experienced near zero vacancy rates, demonstrating high demand and long-term tenant stability.

Key features include:
- 900sqm* of lettable area
- 879sqm* site area
- Two tenants on hold over providing passing income
- Zoned E3 Productivity Support
- Five car parks
- Situated in Newcastle's premier commercial and retail precinct
- Historically, sites in this precinct experience near zero vacancy rates, underscoring its strong demand

*Approximately