R2-3994355-Newcastle-2024-04-24-141921 FOR SALE
R2-3994355-Newcastle-2024-04-24-141921 FOR SALE
R2-3994355-Newcastle-2024-04-24-141921-1 FOR SALE
R2-3994355-Newcastle-2024-04-24-141921-2 FOR SALE

87-89 Hunter Street, Newcastle NSW 2300

Contact Agent

  • Building Area is 500 m²
  • Enquire Now Stay Updated

    Register for Property Updates

    Stay Updated

    (if you would like SMS updates also)

    Irreplaceable mixed-use investment opportunity in the East End of Newcastle. The property generates a significant net passing income of $129,514* per annum which is split between three tenancies.

    On the ground floor is Humbug, a recently awarded hatted restaurant in the SMH good food guide 2024. One of only two restaurants in Newcastle with such an award, the five other restaurants with “hats” being in the coveted Hunter Valley wine and food region. Humbug has recently extended their lease until 30 September 2029.

    On the floors above are two large 4-bedroom, 2-bathroom, split level atrium style apartments. Both with separate access, the apartments are leased until October & December 2024 respectively.

    This fantastic opportunity presents the incoming purchaser the ability to have multiple income streams as well as having the flexibility to live in an inner city pad or capitalise on holiday accommodation income given the proximity to the beach and harbour.

    Key Features:
    - Passing net income of $129,514* per annum plus GST
    - Two large 4 bed, 2 bath apartments
    - 'Humbug' hatted restaurant on the ground floor
    - Diversified mixed-use investment
    - Iconic East End location


    • Passing net income $129,514* p/a + GST
    • Diversified mixed-use investment
    • Iconic East End location

    Enquire about this property

    Property Listing Enquiry

    Properties you may also like

    Entry level investment opportunity in CBD

    Auction Location: 10 Newcomen Street, Newcastle NSW 2300 Commercial Collective...Read More→

    Auction Wed 19 Jun at 11:00 am

    Auction Date: June 19, 2024

    Turn key ready office fully fitted and furnished

    Level 2 at 384 Hunter Street, Newcastle presents a unique...Read More→

    For Sale Contact Agent

    Freehold inner city medical suite

    Auction Location: Commercial Collective Auction Room/Online This property features a...Read More→

    Auction Wed 22 May at 11:00 am

    Auction Date: May 22, 2024