The subject property comprises a standalone building of 242 square metres*, currently leased to the Endeavour Group (BWS), ensuring secure income until 2030. Internally, the premises feature an open-plan retail area, a cool room, and a dedicated loading/storage area accessed both internally and from the car park. Zoned E1 Local Centre, the site presents significant long-term development potential, with a 14-metre height limit and a 1.5:1 floor space ratio (FSR). Additionally, the property is located within a Transit Oriented Development (TOD) precinct, potentially unlocking further development opportunities (STCA) upon lease expiry. What makes this opportunity even more exciting is the option to purchase the adjoining property 5 Wood Street, Adamstown. Combined, the two sites unlock exceptional redevelopment potential (STCA), making it a strategic acquisition for developers looking to capitalise on over 1,000 square metres* of land and growing demand in the area. This is your chance to secure a foothold in a tightly held location with strong future upside. For Sale by Public Auction | 21 August 2025 from 10:30am (AEST) Cooley CBD, Dexus Place, Level 5, 1 Margaret Street, Sydney, NSW. For more information, please contact exclusive selling agents, Ben Robinson and Peter Macadam of Colliers. *Approximate.
E-Mail-Anfrage an Colliers - Newcastle
Immobilie ID: 504912344
Ursprüngliche Immobilie ID: 504912344