[h3]Long WALE commercial investment & future landbank[/h3]
Commercial Collective, Stonebridge Property Group and Burgess Rawson are pleased to present to the market The Forum – a prominent commercial asset anchored by leisure and entertainment giant, Hoyts (long lease to 2041), located within one of the Hunter’s strategic growth centres, Charlestown.
The key highlights of the opportunity include:
- High profile investment asset anchored by blue chip tenants Hoyts (2041) and Hewlett Packard (2031), supported by 10 additional commercial tenancies
- Offering ample on-site parking for 226 cars
- Long WALE of 9.4 years (by income)^; all tenants subject to fixed or CPI reviews
- Dominant 8,282sqm* corner site with highway exposure to 28,940 passing cars daily**
- Prominently positioned in Charlestown – home to the largest shopping centre in the Hunter Region, Charlestown Square, and proposed healthcare hub situated only 800 m* away
- Favourable B3 Commercial Core zoning and elevated ridgeline position underpins strong underlying land value and future development opportunity (STCA)
- Estimated fully leased net operating income $2.45m p.a.^
*Approximate
^As at 1-Dec-2022
**Oct-19 AADT, Transport for NSW
The Forum is For Sale via Public Expressions of Interest closing Thursday 27 October 2022 at 2pm (AEDT). Please contact the exclusively appointed agents for more information.
This [url=https://www.commercialcollective.com.au/property/the-forum-240-244-pacific-highway-charlestown-nsw-2290/]The Forum / 240-244 Pacific Highway, Charlestown NSW 2290[/url] appeared first on [url=https://www.commercialcollective.com.au/]Commercial Collective[/url].
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