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Land/Development in Mount Hutton, NSW13 Wilsons Rd

13 Wilsons Road, Mount Hutton, NSW 2290
13 Wilsons RoadMount Hutton NSW 2290 AUS
-32.983329 151.669740
$850,000
  • Land area 0.39 acres / 1593 sqm

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Mt Hutton Development Site^ with Telstra Leaseback

Property ID 1992234
Ray White Commercial NSW and Ray White Commercial Newcastle, under instructions from Charter Keck Cramer on behalf of Telstra Corporation Limited, are pleased to present 13 Wilsons Road, Mt Hutton.

Strategically occupying a 1,593m2* corner site in the affluent suburb of Mt Hutton, the property represents an exciting investment opportunity with development upside^. Currently improved by a telephone exchange, Telstra is proposing a favourable leaseback to astute purchasers.

Key features of the site include:

- 1,593m2* corner site

- Offered with Telstra leaseback expiring 2023 with 1 year option

- Proposed triple net lease with rental of $52,800 p.a.

- A generous 80m* total street frontage

- Well-located in the affluent suburb of Mt Hutton

The property is offered for sale by public Auction on Wednesday 28 November 2018 at 10:30am (AEDT). The Auction will be held at our Ray White Newcastle office located at 1 Union Street, Newcastle NSW.

The property is being offered as part of a portfolio of three development sites, all offered with leasebacks to Telstra. The properties are being sold individually.


Explore the other opportunities here:

110 Wyndham Way, Eleebana - https://bit.ly/2PlpJ7O

126 Ocean Street, Dudley - https://bit.ly/2SjAKVU


For further information, please do not hesitate to contact the below listing agents:
Lee Follington

Commercial Principal/ Director

Ray White Commercial

Newcastle

0417 443 478

lee.follington@raywhite.com


Samuel Hadgelias

Associate Director

Ray White Commercial NSW

Sydney CBD

0403 254 675

shadgelias@raywhite.com


Jeff Moxham

Managing Director & Partner

Ray White Commercial NSW

Sydney CBD

0413 838 339

jmoxham@raywhite.com



*approximately

^S.T.C.A

Investment data

Key Information
Tenancy Status Currently Tenanted
Annual Yield (Gross) N/A (Marketed Without Price)
Annual Yield (Nett) N/A (Marketed Without Price)
Title Scheme Not Applicable

The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.