R2-3865100-Newcastle-2024-02-13-133817 FOR SALE
R2-3865100-Newcastle-2024-02-13-133817-1
R2-3865100-Newcastle-2024-02-13-133817-2
R2-3865100-Newcastle-2024-02-13-133817 FOR SALE
R2-3865100-Newcastle-2024-02-13-133817-1 FOR SALE
R2-3865100-Newcastle-2024-02-13-133817-2 FOR SALE

380 Hunter Street, Newcastle NSW 2300

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Area
  • Building Area is 363 m²
  • 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

    *Approximately

    • Net Income $110,000 per annum + GST
    • Retail lease expiring Feb 2029
    • Commercial lease expiring March 2025

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