450-454 Hunter Street, Newcastle NSW 2300

For Sale by Expressions of Interest closing Thursday 11 April 2024

450-454 Hunter Street, Newcastle is a 6-storey commercial building leased to Helloworld Travel Agency. With a 10 year lease with an option to renew for a further 10 years, Helloworld occupy the total gross floor area of 1,449sqm* across 6 stories.

Helloworld, a renowned travel agency, initiated their tenure with a ten-year lease agreement in August 2017, with an option to extend for an additional 10 years commencing in August 2027. The property generates a substantial net rent of $435,189.24* per annum + GST, with a 3% annual increase effective from 1 August 2024.

Positioned on Newcastle's highly exposed Hunter Street, the property had a recent evaluation of the building's energy efficiency which concluded a 5-star NABERS Energy rating.

- Fully leased to Hunter Travel Group Pty Ltd trading as Helloworld
- Lease Term 10 years x 10 years
- Returning net income $435,189.24 per annum plus GST
- Tenant pays 100% of outgoings
- Outgoings estimated at $55,063.39* per annum
- Gross floor area of 1,449sqm*
- Zoned E2 Commercial Centre
- 5-star NABERS Energy rating

*Approximately