70 Dilkera Avenue, Valentine NSW 2280

$2,575,000

Site Area 847 m²

Parking 13

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Auction Date: December 4, 2024

Multi-tenanted investment opportunity with rental uplift potential

Auction Location: 10 Newcomen Street, Newcastle NSW 2300

For Sale via Auction on Wednesday 4 December 2024 at 11am online and in room.

70 Dilkera Avenue, Valentine offers a versatile investment with 13 secure car spaces and a range of tenancy options, catering to both medical and retail. It features six fully leased suites with a diverse mix of tenants, from healthcare to retail operators, ensuring stable income. Additionally, there are three vacant suites totaling 172sqm* of premium medical-grade space, complete with an expansive 228sqm* balcony that provides stunning water views, these suites provide the opportunity for individual leasing, or to occupy the entire 400sqm*.

70 Dilkera Avenue has strong street frontage and local presence, with its great location to amenities and services the property is a strong prospect for releasing or occupiers.

Key features include:
- Neighborhood centre with strong income and 400sqm* of vacant, medical-grade space
- 13 secure on-site car spaces
- Generates a net income of $115,630*
- Nine tenancy suites with a current 66% occupancy rate, attracting a diverse mix of operators
- Multiple income streams with potential to subdivide further for increased returns
- Total tenancy area of 727sqm*
- Opportunity for strong rental uplift
- Strata potential (STCA)

*Approximately

Enquiries: 41
Bidders: 5
Bids: 42

Adam Leacy

Jacob Siever

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