For Sale

116 Hunter Street, NEWCASTLE 2300

  • Area1,321 sqm
  • Sale PriceBy Expressions of Interest - Closing 16th August

Solid Investment - Newcastle CBD

Description

Located in the Hunter Street Mall, this prominent stand-alone building is part of the flourishing East End precinct. The property comprises a four level brick building, with a tenancy mix of retail and commercial users.

Close to public transport, restaurants, cafes, pubs and increasing residential development. This well renowned strip also includes a diverse range of retail boutiques and commercial services including Newcastle Post Office, medical and financial facilities.

This is an excellent chance to acquire a quality investment property in the revitalised Newcastle CBD. A value add opportunity of either a direct income increase with the introduction of additional tenancies and/or the redevelopment/refurbishment of the building for mixed use.

NLA - 1,321 m2
Land Size - 420 m2

Net Income - $90,032 pa
Potential Net Income - $167,000 pa

Zoning B4 Mixed Use Council

Newcastle City Council

Tenure type

Tenanted Investment

GST

All prices quoted are exclusive of GST.

Agents

Bobby Suminoski

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