Heritage landmark offers rare CBD opportunity with future potential for development upside

Positioned in the heart of Newcastle’s East End, 48–56 Hunter Street is now available for sale, offering a rare opportunity to secure a prominent freehold asset within one of the city’s most dynamic precincts.

Known locally as the former Sun Building, the prominent freehold building offers a total area of 2,717sqm* across expansive floor plates, with three street frontages and a 1,029sqm* site area. Currently 87% leased to high-calibre tenants including national firm Sidcor and insurance brokerage Newsure, the asset when fully leased generates a net income of over $1 million* per annum plus GST.

An approved Development Application (DA) provides future development upside and long-term appeal, allowing for the construction of a luxury four-bedroom penthouse. The property also benefits from the potential of future residential or commercial strata subdivision across the building.

Its strategic location provides excellent connectivity situated within walking distance to Newcastle Beach, the Newcastle Light Rail network and major ongoing developments including Iris Capital’s multi-stage East End project. The building also holds a 5.5-star NABERS Energy Rating.

48–56 Hunter Street is being offered For Sale by Expressions of Interest closing on Thursday 26 June at 4pm.

For further details on this Newcastle CBD investment or to arrange an inspection, contact our exclusive marketing agents listed below:

Adam Leacy | National Director
Brad Crouch | Associate Director
Jacob Siever | Executive

Connected. Experienced.