Comprising a two storey and adjoining single storey freehold building on land area of 1,045m approx.
Zoned MU1 Mixed Use with a 60 metre height limit and 6:1 FSR.
Currently housing 3 tenants with the ground floor tenant, Brennan IT vacating in November 2023.
Current net income is in excess of $230,000 per annum.
Ground floor office of approximately 500m plus car parking and storage available for lease.
For Sale or Lease by EOI closing 4pm, Thursday 9th November 2023.
Note - Property is on 2 titles known as 9-11 Denison Street & 8 Wood Street, Newcastle West
The size of Newcastle West is approximately 0.8 square kilometres. It has 5 parks covering nearly 31.8% of total area. The population of Newcastle West in 2011 was 593 people. By 2016 the population was 619 showing a population growth of 4.4% in the area during that time. The predominant age group in Newcastle West is 20-29 years. Households in Newcastle West are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newcastle West work in a professional occupation. In 2011, 36% of the homes in Newcastle West were owner-occupied compared with 35.9% in 2016..
Newcastle West has 1,812 properties.
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