Iconic Commercial Opportunity in Highly Sought After LocationOccupying pride of place in one of the cities most sought after and tightly held locations this offering represents a rare opportunity for any commercial business in Newcastle.
Previously a long-term family business of 40 years, 53 Glebe Road resides in a commercial hot spot and is moments away from a variety of well know dining and shopping destinations.
Suitable for hospitality uses. Freestanding with easy access and drive through driveway, this property is situated on a corner block (Glebe Road and Watkins St) and has the potential for heavy foot traffic. Featuring glass windows around the entire corner which contribute to an enhanced patron experience, the site also contains separate male and female amenities/bathrooms and a variety of rooms which are wet-floor prepared.
With a total of 5 rooms, 53 Glebe Road is now ready for occupation.
Owner is currently upgrading electrical and external painting of existing premises.
Newcastle Council Rates: $6,561.00
Hunter Water: $975.00 plus usage
Land Value for Land Tax: $840,000
Total Outgoings Estimate: $12,466.00