Renovated Hospitality Investment
Prominent location with dual street frontage to Darby and King Streets. Conveniently positioned to Newcastle University, State Law Court, multitude of commercial towers and the new light rail network. Increased tourism anticipated with the proposed new Çrystalbrook Collection Hotel, only 280 metres* from the site. $1.4 billion* residential, retail and commercial development currently in planning or under construction in the immediate area, further underpinning forecast population and economic growth.
- Net income of $240,360 per annum
- NLA: 527*sqm
- Long term covenants in-situ
- WALE of 8.2 years**
- Anchored by locally renowned and experienced operator “MEET"
- Renovations and significant fitouts recently completed
- Maximum Floor Space Ratio: 2.5:1
- Maximum Height: 17 metres
**as at Auction date
Wednesday, 18 March 2020 11:00 AM