Belmont North

393 Pacific Highway, Belmont North, NSW, 2280

Property Description

The 4.0 hectare property is positioned on the east side of the Pacific Highway in a service/commercial locality of North Belmont, approximately 16 kilometres south of the Newcastle central business district. The land is zoned 'B4 Mixed Use' and 'B7 Business Park' which allows a relatively wide array of uses including large format retail, child-care, medical, neighbourhood shops, office, hotel and multi-dwelling housing. Newcastle is one of two major coastal regional cities of New South Wales, situated approximately 170 kilometres north of Sydney. The Trust has entered into an arrangement with the New South Wales State Government for the recently vacated Belmont North property to be used as a COVID-19 mass vaccination centre for up to two years.

Land area

40,380 m²

The total GLA/retail area

12,640 m²

Total Property Cost

$12,472,314

Current valuation

$9,000,000

Annual Rent

$1,200,000

Property Location

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