Key sale and lease transactions for 2024
As we enter the new year, Commercial Collective takes pride in reflecting on some of our most notable transactions from the past year throughout the Newcastle and Hunter region. These achievements highlight the dedication of our team, our local market knowledge, and the trust of our clients, underscoring our commitment to delivering exceptional results.
Last year, we witnessed robust activity across both the commercial and industrial sectors, with significant transactions driving the region’s growth. The Hunter market continues to showcase its strength, adaptability, and long-term investment appeal, and we are proud to have contributed to its success.
Below, we have highlighted our standout sale and lease transactions that demonstrate Newcastle’s strong market fundamentals and the strategic opportunities shaping its future. These results underscore the collaborative efforts of our team and the vibrant potential of the Newcastle and Hunter region.
Standout sale transactions for 2024
- 54 Clyde Street, Hamilton North | Sold for $31m
- 29 Station Street, Martins Creek | Sold for$20.8m
- 111 Munibung Road, Boolaroo | Sold for $17.86m
- 11 Laverick Avenue, Tomago | Sold for $13.65m
- 121 Munibung Road, Boolaroo | Sold for $13.2m
- 789-791 Hunter Street & 5-7 Denison Street, Newcastle West | Price withheld
Standout lease transactions for 2024
- 291 King Street, Newcastle | Leased for over $1.5m per annum
- Unit 4 & 5, 711 Hunter Street, Newcastle | Leased off-market
- 54 Gardiner Street, Rutherford | Leased off-market to KGB Protective Coatings and two other national tenants
- 1 Laman Street, Cooks Hill | Leased via an EOI campaign and selective tender process
- 125 Bull Street, Newcastle | Leased off-market to NOVO school
- 82 Belford Street, Broadmeadow and 591 Hunter Street, Newcastle | Leased to two not-for-profit organisations
As we move into the new year, the momentum from 2024 lays a strong foundation for continued growth and success in the Hunter Region. With the commercial and industrial market consistently demonstrating resilience and long-term investment appeal, we anticipate another year of opportunities and achievements through commercial and industrial property.
To learn more about these standout transactions or if you are looking at achieve a premium result for your commercial or industrial asset, talk to our sales and leasing team today.
As always, we endeavour to provide updates and insights into the transactions and trends shaping Newcastle and the Hunter region in 2025.
Connected. Experienced.
