152 Hunter Street, Newcastle NSW 2300

East End development site with holding income

The opportunity exists to capitalise on holding income and explore the potential to redevelop or adaptively re-use this character filled 3-storey mixed-use commercial building. The property currently incorporates five ground floor retail shops together, with two levels of office accommodation.

The site has access from Hunter Street, Market Street and a lane way on the eastern and northern boundaries making this a 100% standalone asset. Currently leased to a range of retail and commercial tenants, all of which are either on holdover or include demolition / relocation clauses, providing flexibility for a potential redevelopment or repositioning of the asset.

A number of neighbouring developments have received consent for additional levels, setting a strong precedent for mixed-use developments in this area. Directly opposite is the recently approved stages 3 & 4 of Iris's East End Development featuring almost 200 apartments and ground floor retail, adding to the amenity the Hunter Street Mall already offers.

- Iconic East End Corner site
- 593.1sqm* site area
- 3:1 FSR, 20m* Height of Buildings
- 1,563sqm* of net lettable area
- $131,236 net income per annum plus GST
- MU1 Mixed Use Zoning

*Approximately