Belmont North

393 Pacific Highway, Belmont North, NSW, 2280

Property Description

The 4.0 hectare property is positioned on the east side of the Pacific Highway in a service/commercial locality of North Belmont, approximately 16 kilometres south of the Newcastle central business district. The land is zoned 'B4 Mixed Use' and 'B7 Business Park' which allows a relatively wide array of uses including supermarket, large format retail, child-care, medical, neighbourhood shops, office, hotel and multi-dwelling housing. Newcastle is one of two major coastal regional cities of New South Wales, situated approximately 170 kilometres north of Sydney. Bunnings vacated the property in early 2021 and it was leased to the New South Wales Government for a COVID-19 mass vaccination centre until August 2022. We are currently reviewing redevelopment options for the property.

Land area

40,380 m²

The total GLA/retail area

12,640 m²

Total Property Cost

$12,802,766

Current valuation

$10,000,000

Annual Rent

-

Property Location

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