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26 Greenway St 1,604 SF 100% Leased Retail Building Wickham, NSW 2293 $655,127 ($408.48/SF)
Investment Highlights
- Suitable for a range of retail or commercial mixed-use applications
- Established mixed-use commercial environment
- Access to public transport and major local road connections
- Close proximity to Newcastle CBD and harbour precincts
Executive Summary
26 & 26A Greenway Street, Wickham NSW 2293 is offered for sale as a commercial investment property located within the established and evolving Wickham harbourside precinct. The property includes 2 retail tenancies within their portioned areas. The property comprises a total floor area of approximately 197 sqm, including a mezzanine area of approximately 44 sqm, situated on a landholding of approximately 153 sqm. The asset is zoned MU1 – Mixed Use, allowing for a range of permitted uses, subject to relevant approvals.
The property is leased on secure three-year terms with options, providing ongoing rental income. The existing tenancy mix offers flexibility for investors, while also presenting the potential for a future owner-occupier to take possession following lease expiry, subject to lease conditions. The location benefits from close proximity to the Newcastle Cruising Yacht Club, marina facilities and surrounding hospitality and commercial operators. Wickham is a tightly held inner-city suburb that continues to experience redevelopment and infrastructure investment, supporting long-term demand.
The property is leased on secure three-year terms with options, providing ongoing rental income. The existing tenancy mix offers flexibility for investors, while also presenting the potential for a future owner-occupier to take possession following lease expiry, subject to lease conditions. The location benefits from close proximity to the Newcastle Cruising Yacht Club, marina facilities and surrounding hospitality and commercial operators. Wickham is a tightly held inner-city suburb that continues to experience redevelopment and infrastructure investment, supporting long-term demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,604 SF
Building Class
C
Price
$655,127
Price Per SF
$408.48
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
1.69 AC
Frontage
61’ on Greenway Street
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Nearby Major Retailers
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26 Greenway St
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