LOCATED AT 47 NEWCOMEN STREET, NEWCASTLE OPPOSITE NEWCASTLE CLUB & BACKING ONTO BOLTON ST PARKING STATION. Close to the Newcastle Court complex & the beach. The property features 2 floors of office space with 5 on-site car parks. Ground level total floor area is 348 Sqm (approx) & the top level total floor area is 329 (approx). Downstairs is leased out to Jirsch Sutherland & upstairs is run as serviced offices catering for 3 tenancies. The land area is 546 Sqm (approx), with a 12.4 metre frontage to Newcomen Street & 44.04 metres to a lane. The zoning is B4 mixed use & the property lends itself to further commercial & even residential development as the water views from the roof are stunning. The property would also be suitable for a new age boarding house. Current approximate potential gross rental of $113,000 p/a + GST. Newcastle City Council Rates $12,104.00 p/a approx Water Rates $ 1,466.65 p/a approx (Service Charges Only) Land Tax $11,973.30 p/a approx (without threshold) $ 5,957.33 p/a approx (with threshold) Insurance $ 4,100.00 p/a approx Security Costs $ 515.00 p/a approx Caretaker Costs $ 5,700.00 p/a approx Contact John Karmas on 0425 268 849