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)

Commercial Collective is pleased to present a rare 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.

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
- Two tenants on holdover providing passing income
- 879sqm site area*
- Ample off-street parking
- Zoned E3 - Productivity Support
- Historically, sites in this precinct experience near-zero vacancy rates, underscoring its strong demand

*Approximately