Landmark 1.68ha* city-fringe industrial asset goes to market

Significant opportunity in Newcastle’s most constrained industrial precinct

Carrington NSW, February 2026 – A significant 1.68 hectare* industrial landholding at 111 Bourke Street and 90 Gipps Street, Carrington has been brought to market for sale by Expressions of Interest (EOI), presenting one of the largest city-fringe industrial offerings to transact in Newcastle in recent years.

With a combined site area of approximately 1.68 hectares* and an expansive 156.3 metre* frontage to Bourke Street, the offering represents significant scale in a market predominantly characterised by smaller, fragmented lots. The property comprises 8,386sqm* of high-clearance warehouse, office and light industrial improvements across 11 tenancies, generating a net income of $825,236.61 per annum plus GST.

Industrial landholdings of this magnitude with proximity to the Newcastle CBD and immediate access to the Port of Newcastle are exceptionally scarce. The suburb’s connectivity to major arterial road networks supports efficient freight and last-mile distribution capability, a critical factor for logistics and trade-based occupiers seeking well-located industrial assets.

With approximately 50% site coverage, multiple access points via Bourke Street and Gipps Street, the property offers medium to long-term value-add potential. In a market where industrial sites are typically built out, investors may consider refurbishing, repositioning or undertaking a staged development (STCA), to utilise the property’s scale, flexibility and E4 General Industrial zoning.

Key features include:

• Net income of $825,236.61 per annum plus GST
• Total building area of 8,386sqm* across multiple industrial structures
• Combined 1.68ha* site zoned E4 General Industrial
• Approximately 50% site coverage enabling expansion or redevelopment potential
• High-clearance warehouse accommodation with supporting office areas
• Multiple access points from Bourke Street and Gipps Street
• 156.3m* frontage to Bourke Street
• Immediate proximity to the Port of Newcastle
• City-fringe location with limited competing industrial supply

“Newcastle continues to evolve and benefit from significant public and private infrastructure investment, population growth and economic diversification beyond its traditional heavy industry base. The city’s revitalisation and expanding employment base continue to drive demand for industrial and logistics spaces. However, industrial assets across Newcastle’s inner-city precincts remains low, reflecting a combination of limited zoned land, competing residential and mixed-use pressures, and minimal new supply opportunities in established areas such as Carrington” said Byrne Tran, Co-Founder and Head of Sales & Leasing, Commercial Collective.

“The constrained nature of industrially zoned land near the CBD has contributed to consistent rental growth and heightened investor competition for well-located assets. Large, consolidated sites are particularly rare, as most industrial landholdings within Carrington were subdivided decades ago and remain tightly held by long-term owners”, said Benjamin Morello, Associate Director, Commercial Collective.

The property is for sale by EOI, closing 7 May 2026 at 4:00pm (AEST). To learn more about this opportunity visit commercialcollective.com.au

Commercial Collective’s team are highly experienced in matching investment opportunities in sought-after locations to investors looking for opportunities outside of the traditional capital city markets.