380 Hunter Street, Newcastle NSW 2300

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Building Area 363 m²

Site Area 225 m²

Income $101,766

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Auction Date: March 13, 2024

Fully leased multiple income commercial premises

For Sale by Auction on 13 March 2024 at 11am

Located in the iconic Evatt Chambers building, 380 Hunter Street, Newcastle presents an excellent opportunity to acquire a fully leased commercial building in a prime location on Hunter Street. The premises comprises of 2 ground floor retail tenancies over 175sqm* currently leased to The Lincoln Room Barbers Parlor and Coal and Cedar Cocktail Bar. Upstairs is an elegant 188sqm* commercial suite with an exception fitout insitu. This space is currently leased by commercial operators Quality People and Training Solutions who have been operating there since September 2022.

- Fully leased commercial premises with an annual net income of $101,766 + GST
- Downstairs retail leases leased until Feb 2029
- Upstairs commercial lease until March 2025 offering flexible potential residential development
- Steady income stream from multiple leases
- Located close to Newcastle University, Newcastle Light Rail network and the Honeysuckle precinct

*Approximately

Net Income $101,766 per annum + GST
Retail lease expiring Feb 2029
Commercial lease expiring March 2025

Brad Crouch

Isaac Reville

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