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Accommodation/Tourism
CESSNOCK, NSW
Secure Tenants, High Yield and Development Upside - 8CI
Secure Tenants, High Yield and Development Upside - 8CI
Cessnock, NSW, 2325
Accommodation/tourism · Hotel
EXPRESSION OF INTEREST
Blue-Chip Commercial Asset in Cessnock CBD.We are excited to present this outstanding opportunity to acquire a newly renovated, blue-chip commercial asset on a large parcel of land. Positioned in the heart of the Cessnock CBD, the property is anchored by a popular modern bar and restaurant, along with a major local NDIS service provider.This high-performing asset generates a strong annual net profit of $364,304 + GST. Located in the city centre, it benefits from active street frontages that attract high pedestrian traffic. - High-quality tenants in place. - Flexible development potential - partial or full. - Significant income upside. - Prime CBD location with excellent visibility and traffic flow. - Recently refurbished, offering strong depreciation benefits. - Land area: 3,916 m2. Floor area: 2,630 m2. Zoned MU1 Mixed Use, the site is permitted (with consent) for a wide range of developments, including: childcare centres, medical facilities, registered clubs, hotels or motels, shops, vehicle repair stations, commercial premises, entertainment venues, function centres, education and information facilities, and indoor recreation facilities.Following its extensive refurbishment, the property delivers modern and convenient food, beverage, and entertainment experiences - ideal for sustained income and capital growth.This is one of the best opportunities to secure a blue-chip investment in the Newcastle-Hunter region. Expressions of Interest - Call Bill He today to secure this opportunity and avoid tomorrows regrets.Property Code: 5254
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