×

Newcastle
529 Hunter Street

Sold

'The Terrace' Hotel Investment

The property presents an opportunity to acquire a boutique inner city hospitality building with a lease in place until August 2022, with three further option periods of five years each. Strategically positioned within the city’s growth corridor, the property is currently returning $115,565* net per annum.

In recent years, the property has undergone a complete refurbishment featuring brand new commercial kitchen on the ground floor, bar area, dual amenities and lounge area overlooking Hunter Street. The refurbishment also included a first floor cocktail bar and secluded open air rooftop terrace.

- Site area 289 sqm*
- Gross Floor Area 501 sqm*
- Zoned B4 Mixed Use

For Sale by Public Auction
Wednesday 11 December 2019 at 11:00am (AEDT)
Auction to be held in rooms at Novotel Newcastle Beach
5 King Street, Newcastle NSW

*Approximately

Property Id44741100158
Property TypeHotel/Leisure
Land Area289 sqm
StatusSold
CityNewcastle
Postcode2300
Council ZoningB4 Mixed Use
Print HTML Brochure Click here

Features

Adam Leacy
Partner | Licensee In Charge

0421 613 160

adam@commercialcollective.com.au

Matt Kearney
Partner | Commercial

0427 921 206

matt@commercialcollective.com.au

Click to view listing in map view