Developer GWH has commenced construction on a new commercial and residential development in Charlestown.
Macquarie Tower at 4-6 Dudley Road, Charlestown [main picture] is listed for both sale and lease through Colliers Newcastle, with the project expected to be completed in early 2024.
Offering expansive views of Lake Macquarie landmarks, Macquarie Tower will encompass ground floor retail, a childcare facility, office accommodation, specialist medical consulting suites and allied health suites.
Areas available range from 200 metres to 933 metres.
The commercial premises will be available along with residential apartments and secure parking.
Macquarie Tower is listed with Luke Rutledge at Colliers Newcastle.
Colliers has also listed a multi-tenanted property at 276 Macquarie Road, Warners Bay [pictured top right].
The high profile, torrens-titled building is erected on a 6,521 square metre site located in the heart of Lake Macquarie's Bulky Retail and Large Format hub.
The property is fully leased comprising four tenants in total with a mix of local and national bulky retailers and a local allied health practice.
Ample parking is provided on site with private loading facilities included for each of the bulky retailers.
"The property presents a fantastic opportunity for an astute investor to acquire a diversified income stream underpinned by strong property fundamentals being great location, ample parking and strong lease covenants," listing agent Luke Rutledge said.
The property is for sale by public auction held on September 19 with a guide of $6 million.
Prime investment opportunity in Mayfield
Movable's Steve Dick has listed an investment being sold by open negotiation at 137-139 Maitland Road, Mayfield [pictured bottom right].
Leased to ConnectAbility Australia on a new five + five year lease for their corporate office, the site includes eight secure carparks, disability access and amenities.
It is positioned on Maitland Road in the heart of Mayfield and located in close proximity to Aldi, Woolworths and Coles.
"In my 30 years in the business, there are very few buildings that come to market with the quality combination this one has. This is a gem of a property and will be a prize in anyone's portfolio," Mr Dick said.
"It has a quality tenant in a quality location with a quality improvement all in a quality ex-bank building."
The property is currently returning $85,000 per annum and will go to auction on September 21 with bidding expected in the early to mid $1 million mark.
