37 Darby Street, Newcastle NSW

For Sale

Retail

SOLD

240m2

The Property is located within the Civic Law Precinct, which is preparing for a significant increase in population density as a consequence of the New Law Court opening in early 2016 and the Newcastle UNI CBD Campus (New Space) presently under construction.

Surrounding properties are expected to benefit from these major projects reaching completion as offices are relocated to the area and new retail opportunities created to accommodate for the increased demand.

Formerly the Newcastle squash court turned Retail Showroom, the Property provides an excellent opportunity for a developer, value-add-investor or owner occupier, to purchase a unique building layout including 1st floor mezzanine, with DA approval for a restaurant redevelopment and approval for a liquor licence.

Features include:
-120m from the New Law Court & 300m from the Newcastle CBD Campus

-DA approved restaurant development with liquor licence approval

-240sqm net lettable area including mezzanine

-Excellent glass shop front exposure to Darby Street

-Variety of uses permissible under the Newcastle LEP

-Sought after location positioned to benefit from the completion of major projects in the Civic Precinct

Available for Lease ‘As Is’ for $65,000 per annum plus $12,000 outgoings plus GST.

Please contact Brent Sinclair 0407 027 277 for further details or to arrange an inspection.