Tenanted Retail Showroom At Lake Macquarie, NSW, For Sale At Auction


A single level retail showroom at Bennetts Green, Lake Macquarie, with a leading mattress and bedding retailer as its tenant is being offered for sale via auction through Ray White Commercial.

The 280 sqm showroom located at 3 Groves Road, Bennetts Green, is being marketed by Ray White Commercial Newcastle Director John Parnham.

John Parnham said the property was currently occupied by Fantastic Holdings Limited’s Original Mattress Factory, which secured a 5 x 5 x 5 year lease last year.

“FHL is one of Australia’s largest furniture businesses and this will no doubt be an attractive element for potential investors,” he said.

“The property features prime exposure on a corner site at the Groves Road and Pacific Highway intersection and is composed of two separate buildings, one of which is for sale and occupied by FHL’s mattress and bedding company Original Mattress Factory.

“You cannot enter or leave the bulky goods retail precinct of Bennetts Green without passing the property, which is what makes it such an ideal location for any retailer.”

John Parnham said the freestanding retail showroom was zoned light industrial and would generate a net rental of approximately $64,000 per annum.

“As FHL has signed a long term lease, the future owner will have guaranteed income for the next few years,” said Mr Parnham.

“The property is also in a prime position located just three kilometres from the Charlestown CBD and two hours’ drive from Sydney’s international airport.”

The property is being offered for sale at a public auction to be held at 6.30pm on Wednesday, February 6, 2013, at the Crown Plaza, corner of Wharf Road and Merewhether Street, Newcastle.

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