Raine & Horne Commercial have listed a landmark building which is positioned across the road from Westfield Kotara. It is the first time since it was built in the 1980s that the tightly held property at 2 Princeton Avenue has hit the market and Raine & Horne Commercial director Steven Dick said it benefited from close proximity to Westfield as well as the Kotara home-maker centre and offered exposure, convenience and covered on-site parking. "This is a fairly rare situation for a property such as this to remain in the same hands but the family has decided now is the right time to sell," Mr Dick said. The building is vacant and comprises approximately 488 square metres of air-conditioned offices over two levels plus additional rooms off the undercover basement/ground-level car park. Mr Dick said the upper levels were full of natural light and well serviced with amenities. "This is but half the story, the building was only ever half completed but fully approved," he said. "Whilst the plans may have lapsed the potential to expand or develop, the spare land adds another dimension to this property." The property is being sold through expressions of interest, closing October 24, and expected to attract owner-occupiers, developers and investors. Meanwhile, Commercial Collective are marketing what agent Matt Kearney has described as a "prime mixed use development site" at 51 King Street in Warners Bay. The site features 1435 square metres of vacant land with around 36.95 metres of frontage to King Street. It has a Development Application approval for 16 apartments and ground floor commercial or retail space and is zoned B4 Mixed Use. It is positioned close to the Warners Bay Town Centre and within walking distance of Lake Macquarie and The Esplanade cafe and restaurant strip. The property is being sold through expressions of interest, closing October 16, with offers expected from low $1 million and above.
EXPOSURE: This building is positioned opposite Westfield Kotara and close to the Kotara home-maker centre. It is being sold through expressions of interest.
Raine & Horne Commercial have listed a landmark building which is positioned across the road from Westfield Kotara.
It is the first time since it was built in the 1980s that the tightly held property at 2 Princeton Avenue has hit the market and Raine & Horne Commercial director Steven Dick said it benefited from close proximity to Westfield as well as the Kotara home-maker centre and offered exposure, convenience and covered on-site parking.
"This is a fairly rare situation for a property such as this to remain in the same hands but the family has decided now is the right time to sell," Mr Dick said.
The building is vacant and comprises approximately 488 square metres of air-conditioned offices over two levels plus additional rooms off the undercover basement/ground-level car park.
Mr Dick said the upper levels were full of natural light and well serviced with amenities.
"This is but half the story, the building was only ever half completed but fully approved," he said. "Whilst the plans may have lapsed the potential to expand or develop, the spare land adds another dimension to this property."
The property is being sold through expressions of interest, closing October 24, and expected to attract owner-occupiers, developers and investors.
Meanwhile, Commercial Collective are marketing what agent Matt Kearney has described as a "prime mixed use development site" at 51 King Street in Warners Bay.
The site features 1435 square metres of vacant land with around 36.95 metres of frontage to King Street.
It has a Development Application approval for 16 apartments and ground floor commercial or retail space and is zoned B4 Mixed Use.
It is positioned close to the Warners Bay Town Centre and within walking distance of Lake Macquarie and The Esplanade cafe and restaurant strip.
The property is being sold through expressions of interest, closing October 16, with offers expected from low $1 million and above.
