Auction Date: March 13, 2024
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 $110,000* + 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