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Newcastle's Premier Commercial Real Estate Agency
Auction Date: December 13, 2023
Auction Location: In Room
For Sale by Auction on Wednesday 13 December at 11am via online portal Realtair
23 Hubbard Street, Islington, a highly sought-after industrial property is situated in a prime location, zoned E4 General Industrial, offering tremendous potential for a wide range of industrial uses (STCA).
The free-standing industrial warehouse facility stands as a testament to both durability and aesthetics, featuring a combination of metal cladding and brick veneer. Currently, it is leased to a single tenant who has been in occupation for four years of a secure ten year lease, with the added benefit of two five year options. This guarantees a robust and reliable annual net income of $96,265.08* net per annum plus GST.
With its solid income stream, strategic location, and long-term lease, 23 Hubbard Street presents an exceptional investment opportunity in the vibrant Islington industrial market.
- Ten year lease with two five year options
- Returning $96,265.08* net per annum + GST
- Retail, office and warehouse space
- Building area 684sqm*
- Site area 819.07sqm*
- Zoned E4 General Industrial
*Approximately
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