48-56 Hunter Street, Newcastle NSW 2300

Contact Agent

Building Area 2,717 m²

Site Area 590 m²

Income $1,001,273

Parking 16

Enquire Now

Iconic Newcastle East building - a strong investment with development upside

Office asset with strong returns and approved penthouse DA

This five level commercial building presents a premium opportunity to secure a strategically located, multi-tenanted investment in Newcastle's rapidly evolving East End. With 2,717sqm* of modern office space, the asset is currently 84% leased and will generate a fully leased net income of $1,001,273 per annum plus GST. The property is tenanted by Sidcor, a reputable national accounting firm, and Newsure, a specialist insurance brokerage, both of which provide a solid and reliable income stream. These tenants contribute to a stable base, while the flexibility of the lease structure provides future potential for diversification across a range of sectors.

The property also holds strong potential to re-purpose for a residential conversion development utilising it's large floor plates and close proximity to surrounding beaches and amenities. The fifth floor suite remains vacant, presenting an immediate opportunity to increase rental income and add further value.

Additionally, the building holds Development Approval (DA) for the construction of a luxury four-bedroom penthouse apartment, providing future residential income potential and a long-term avenue for capital growth through diversification. Located within walking distance of Newcastle's transport interchange, harbourside precinct, Pacific Park and Newcastle Beach, the property benefits from excellent connectivity and proximity to local amenities, positioning it for future tenant demand across various sectors.

Investment highlights:
- Strong fully leased net income of $1,001,273 per annum plus GST
- 84% leased to Sidcor and Newsure
- 2,717sqm* of modern office accommodation across five levels
- DA approval^ for a premium four-bedroom penthouse apartment
- Immediate value-add opportunity through leasing and development
- East End location near key infrastructure, developments and public transport
- 5.5-star NABERS Energy Rating

*Approximately
^ DA consent expires 12 Dec 2026

Net income of $1,001,273 p/a plus GST
5.5-star NABERS Energy rating
DA approval for penthouse

Adam Leacy

Brad Crouch

Enquire about this property

Property Listing Enquiry

First Name(Required)

Last Name(Required)

Email Address(Required)

Phone Number(Required)

Message

Commercial Collective is committed to protecting your privacy. By submitting this form, you consent to receive additional information related to your specific inquiry. Occasionally, we may contact you about other relevant listings, services, or content that may interest you. You have the option to opt out of these communications at any time. For more details on how we handle your information, please refer to our Privacy Policy.