Newcastle's Stockton Beach Shopping Centre Sale


51-55a Mitchell Street

Stockton NSW 2295




Mixed use shopping centre investment in popular seaside location.

Key features include:
* Mixture of 11 retail shops and 2 residential flats
* Current gross return approximately $220,000pa gross
* Net return approximately $165,000pa
* Potential to increase rent return once fully let
* 2 Anchor tenants!! Newcastle Permanent Building Society & The Greater Building Society committed to new leases in July 2014.

This property adjoins the IGA Supermarket & is the only shopping centre that services Stockton's approximately 4200 permanent residents, with thousands more tourists adding to the population in Holiday times.

A superb multi-tenanted investment in a great location being approximately 600m to Stockton beach.