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Newcastle Office Suite For Sale

CHARLESTOWN OFFICE SUITES IN MORTGAGEE
SALE

Strata
office suites including four with tenants in a prominent building at
Charlestown are being offered in a mortgagee sale at a public auction by Ray
White Commercial Newcastle.

The
offering of 14 commercial strata units at 250 Pacific Highway, Charlestown, is
being marketed by Ray White Commercial Newcastle Principal John Parnham.

Mr
Parnham said the five level building was located on the fringe of the
Charlestown CBD and was only a short walk from GPT’s Charlestown Square and
Hilltop Plaza.

“The
offering consists of four securely leased suites which are currently generating
annual rental of more than $380,000,” he said.

“There
are also seven other vacant office suites. The offering, which includes suites
on levels 2, 3 and 4, presents an ideal opportunity for investors and owner
occupiers alike.”

Mr Parnham said the building was only constructed three years ago and consists
of a basement level car park and four floors of quality strata offices opening
onto a central atrium and waterfall feature.

“The
building is serviced by a state-of-the-art lift and each suite features quality
inclusions such as floorcoverings, suspended ceiling, ducted air-conditioning,
kitchenette and amenities.

“Some
suites offer private balconies and a number of suites feature district and
ocean views.”

The office suites will be auctioned at the Crowne Plaza Hotel, Wharf Road,
Newcastle, at 6pm on Wednesday, October 3, 2012.

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