Belmont (Newcastle Region) - ASX Listed Banking Giant – 17+ Years in same location

Cushman & Wakefield is pleased to present to the market 594 Pacific Highway, Belmont for Sale via Auction.

The property has the following key characteristics:

• Renewed 3 year lease to December 2022 + options
• Commonwealth Bank of Australia – ASX Listed multinational banking conglomerate with Revenues in excess of $30.16 Billion and a Market Cap of $153.51 Billion
• One of Australia’s “Big Four Banks” with 1,100+ locations and over 43,500 employees in Australia
• Rare bite size freehold investment leased to a multinational corporation with locations in Australia, Asia, Europe, New Zealand and North America
• Strategic convenience position on Pacific Highway neighbouring many national retailers including Woolworths, McDonald’s, Aldi and Coles anchored Primewest Belmont Citi Centre
• Long standing tenant - over 17+ years in same location
• Belmont – High growth commercial and residential suburb within the Hunter Region of New South Wales located 20 km to Newcastle’s CBD
• Easy to manage single tenant investment
• Net Income $86,615 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 29 April at 12 noon at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.

Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.