Positioned in the heart of the Cessnock CBD, this substantial commercial holding presents an outstanding opportunity to secure a landmark investment with strong existing income and the benefit of a proposed owner leaseback.

Comprising two separately occupied commercial suites, the ground floor is leased to an established long-term tenant returning $64,133 per annum net + GST + Outgoings. The owner currently occupies the upper level and has indicated a willingness to enter into a lease at settlement for $60,000 per annum net + GST + Outgoings, providing purchasers with the opportunity to secure a potential combined net income of $124,133 per annum net + GST + Outgoings, representing an attractive net yield of approximately 7.8%–8.3% based on the advertised price guide.*

Occupying a prominent 405m² site in the very heart of Vincent Street, the property enjoys an exceptional position within Cessnock's thriving commercial precinct. Surrounded by retail, hospitality and professional services, the building benefits from high pedestrian exposure, a bus stop directly at the front, ample street parking and five private on-site car spaces. Offering a combined net lettable area of approximately 381.45m², together with separate kitchen and bathroom amenities for each tenancy, basement storage and a rare bank-grade storage vault, this is an investment underpinned by quality fundamentals and long-term growth potential.

Investment Highlights

1. Landmark commercial investment in the heart of the Cessnock CBD
2. Ground floor leased to an established long-term tenant returning $64,133 p.a. net + GST + Outgoings
3. Owner currently occupies the upper level and has indicated a willingness to lease it back at $60,000 p.a. net + GST + Outgoings
4. Potential combined net income of $124,133 p.a. net + GST + Outgoings
5. Approximate net yield of 7.8%–8.3% based on the advertised price guide
6. Combined net lettable area of approximately 381.45m²
7. 405m² site
8. Character commercial building
9. High-profile main street location with exceptional pedestrian exposure
10. Bus stop at the doorstep
11. Five private on-site car parking spaces plus ample street parking
12. Separate kitchen and bathroom amenities for each tenancy
13. Basement storage
14. Rare bank-grade storage vault