This building was constructed in 2007 and is leased long term by well known building company Metricon.
Metricon commenced their occupation of this building in 2018 upon which they undertook a circa $4million renovation of their suites (which include half the ground floor + all of Levels 1 & 2) and now serves as their state of the art showroom and centre piece for the Hunter Valley.
Complimenting the Metricon tenancy is a Pilates business on the ground floor that commenced a 5 year lease in August 2025.
- Total net Income $425,946
- New Metricon 5 year lease expiring March 2031 + 5 year option to renew
- Annual 2.5% rent increases for anchor tenants Metricon
- 3 Storey building with 27 car parks (including 4 stacked)
- Lift access and full disabled compliance
- Outgoings 100% recoverable from tenants
A trophy Torrens Title asset that is easily accessible on this major thoroughfare that is city CBD fringe, minutes from Newcastle CBD & with parking and a bus stop right out the front.
Location
Moving up, down, across, bigger, better...
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