286 Darby Street, Cooks Hill NSW 2300

$1,710,000

Building Area 268 m²

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Auction Date: May 21, 2025

Secure investment opportunity with 10-year lease

Auction Location: In Room and Online

For Sale by Public Auction on Wednesday 21 May at 11am (in-room and online)

A tightly held freehold investment in one of Newcastle's most established mixed-use precincts. Underpinned by a new 10-year net lease to longstanding tenant Radical Mechanical, the asset generates $85,000 net income per annum with minimal management. The lease security, consistent returns, and inner-city location offer strong fundamentals for long-term investment performance.

- Building area 268sqm*
- Brand new 10-year lease to Radical Mechanical, commencing 15 July 2025
- Net income of $85,000 per annum + GST, with fixed 3% annual increases
- Established tenant in occupation for 5 years, providing proven trading history
- Secure long-term income underpinned by a high-demand automotive use
- Modern internal amenities including kitchen, two toilets and split system air-conditioning
- Zoned E1 Local Centre
- On-site parking and convenient rear access support long-term leasing appeal

*Approximately
Outlines are indicative only

Enquiries: 103
Bidders: 7
Bids: 28

Brad Crouch

Max Dobbyns

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