Are you looking to purchase your next commercial investment? Look no further than 136 Vincent Street Cessnock.
It is in prime position in the heart of Cessnock CBD. There is ample public car parking at rear plus on street parking. The rear of the property has loading dock facilities plus staff parking.
Total land size of 341.5 sqm zone B3 commercial core.
Current rental return of $31,071.16 per year plus gst ($2,589.26 plus GST per month).
Plus tenant pays 100% of outgoings (council rates, water rates, building insurance).
The Lease expired 30th June 2022.
The property can be sold with the existing tenancy but also could be sold vacant possession.
For more information and to arrange your inspection of this property please contact Bryce Gibson today 0422 227 668, or the office on 02 4050 6000.
The size of Cessnock is approximately 35.6 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cessnock in 2011 was 13,673 people. By 2016 the population was 15,163 showing a population growth of 10.9% in the area during that time. The predominant age group in Cessnock is 20-29 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation. In 2011, 61.5% of the homes in Cessnock were owner-occupied compared with 57.3% in 2016.
Cessnock has 8,069 properties.
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