Latest development in Newcastle Urban Renewal Project sells
Partner and Capital Markets expert, Matt Kearney & Adam Leacy of Commercial Collective and Xavier Rahme & Nicholas Heaton of CBRE are pleased to have collectively brokered the sale of 20 Denison Street, Newcastle West for $8.1 million.The property comes Development ready with an approved Development Application for 78 luxury residential apartments with ground floor retail commercial space also available. With the ability to support a 20-storey building on a quiet, tree-lined street in close proximity to the Newcastle Interchange and nearby Honeysuckle cafes, restaurants and marina, this property represents the next stage of the Newcastle Urban Renewal Strategy.
“It’s an exciting time to be a sales agent in Newcastle, seeing the future planning and being a part of the redevelopment of Newcastle is a rare opportunity,” said Matt Kearney.
Commercial Collective’s Capital Markets team are highly experienced in matching developers to property opportunities which have a positive impact to the local community.