A Stockton listing with a diversified income stream is expected to appeal to investors, according to Commercial Collective's Matt Kearney.
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He is marketing the property at 29 Mitchell Street through an auction campaign with serious bidding expected from $1.05 million.
The property comprises a one-bedroom apartment attached to a commercial premises and a current income of around $60,000 net per annum plus GST.
"That property offers an essential service with the post office and newsagency for Stockton," Mr Kearney said. "It's a really well established business and been around for a long time.
"It's got a new five-year lease which expires in 2025 and has the added the benefit of a one-bedroom unit attached to the business. There's also opportunities there to value-add by further developing, going up over time which is going to capture some of those water views. I think it's a really good asset for a superannuation fund. Right now, it's got robust income streams, but in the future it will be a good redevelopment site."
The property has a site area of around 344 square metres.
FOR LEASE
A commercial office at 47 Bolton Street in Newcastle that has seven to nine on-site undercover car spaces is for lease through Movable's Alan Tonks.
The office of 186 square metres features a reception area, boardroom, seven executive offices plus a staff area and kitchenette.
Mr Tonks said it was rare to have "such convenient security car parking under your premises in the busy Newcastle East End precinct".
The office is considered in a lifestyle location with easy access to the foreshore, Newcastle beach, the light rail and to legal and accounting offices of Newcastle East.