SOLD

Weston: located in the Cessnock LGA, an integral part of the Hunter Region.
Weston is situated approximately 2 kilometres west of Kurri Kurri, 13 kilometres east of Cessnock (not far from Hunter Valley Wineries), 11 kilometres south of Maitland, 40 kilometres north-west of Newcastle and 120 kilometres north-west of Sydney.

The property has so much potential whether you purchase as an investment or start your own business (eg Supermarket as there is no Supermarket in Weston, CDC approval for Supermarket).

Located in one of the main streets of Weston CBD is this brick and iron roof (New roof replaced in 2017) building with great exposure to passing vehicles and pedestrian traffic. There is both rear and side lane access to the property.

Zoning: B2 Local Centre

Great size retail shop downstairs with responsible tenants (NDIS service provider).
Ample size 3 bedroom apartment upstairs with balcony (renovated in 2017) with great tenant.

Shop Floor Space (Approx 266sqm),
Apartment Floor Space (Including covered balcony) (Approx 130sqm),
Approx Total Floor Space 396sqm.


Shop currently leased until 30th Nov 2022 (New lease signed 5 years x 5 year option lease starting 1st December 2022 with CPI increase each year).
Apartment currently leased (New Lease signed 5 year lease starting 1st December 2022 with CPI increase each year).


Currently approx gross return $41,860 p.a (+ GST Shop only) + Outgoings (Shop pays)..

(New leases will return be $400 per week for apartment and $600 + GST starting 1st December 2022. Annual return of $52,000 p.a (+ GST shop only) + 100% Outgoings total).

Currently Shop tenant pays the following outgoings;
100% Council rates,100% Insurance, 100% Water Rates and 50% Water Usage. Landlord pays 50% of the water usage as there is only 1 water meter to the property.

(New lease Shop tenants pay the following 100% Council rates,100% Insurance,
100% Water Rates and 100% Water Usage.)


Inspections by appointment only.
*(To be fair and respectful of all parties involved, inspection times and dates will be arranged with potential qualified buyers).

The Phone Code for this property is: 78957. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.