Three commercial properties will go under the hammer next week at an in-room auction event hosted by the Ray White Newcastle Group.

The auction will commence at 6pm on Wednesday, June 11, at the Crowne Plaza located on the corner of Merewether Street and Wharf Road, Newcastle. 

Ray White Commercial Newcastle's John Parnham said two of the properties listed for sale had long-term tenants.

“One of the properties is located on a prominent corner site at 2 Carramere Road, Muswellbrook, and is currently being leased by Teterin Supply for approximately 23 years,” he said.

“The commercial/industrial site is approximately 4,125 sqm in size and comprises two freestanding buildings, a large drive way and ample on-site car parking for 17 vehicles.

“The other property is located at 5/305 Hillsborough Road, Warners Bay, and has been occupied by Music Solutions for almost 10 years. It's being marketed by Neil Follington and Lee Follington.”

“The purpose built retail fit out includes a showroom, warehouse and teaching studios spread over 460 sqm.”

Mr Parnham said there was also a modern industrial unit being offered for sale with vacant possession at 2/13 Carbine Close, Wallsend, also marketed by Neil Follington and Lee Follington.”

“The property is located in a popular estate close to Newcastle Link Road and the freeway,” he said.

“It has a total building area of approximately 225 sqm plus a large mezzanine, modern office facilities and parking.”
Mr Parnham said there had been solid interest in the auction and a strong turnout was expected for the event.
 
“Auctions provide a highly competitive environment for those genuinely interested and they are best way to find the real value of a property – for both the seller and the buyer,” he said.
ENDS

Further enquiries:
John Parnham
Mb: 0411 474 430

About Ray White
Ray White is the largest real estate and property group in Australasia. The company, established in 1902 at Crows Nest in Queensland, has almost 1,000 individual offices spread across Australia, New Zealand, Indonesia and India as well as newer offices in key locations in the Asian region and the United Arab Emirates. The brand is represented by more than 8,000 staff, has an annual sales turnover in excess of $30 billion and manages more than 300,000 rental properties.