The Dockyard for sale as going concern in Newcastle’s iconic harbourfront
Opportunity to invest in Honeysuckle’s growing high-profile precinct
Newcastle NSW, December 2025 – A renowned hospitality asset in one of Newcastle’s most recognised lifestyle destinations has been brought to market, with the sale of Lots 13 and 14, 1 Honeysuckle Drive, Newcastle NSW 2300. The Dockyard, where waterfront dining meets modern Australian food, presents an opportunity to secure both the freehold property and long-standing business.
Occupying a corner position on the ground floor of The Boardwalk development, the asset delivers unmatched exposure to one of Newcastle’s busiest pedestrian waterfront promenades and Honeysuckle Drive’s steady vehicular traffic. The venue has operated for more than nineteen years, firmly establishing itself as a cornerstone of the Honeysuckle precinct’s hospitality economy.
The Dockyard reports an annual revenue of $2.62 million and EBITDA of $826,329, underpinned by consistent year-round trade and a loyal local customer base. The property comprises 328 sqm* of internal area with an efficient restaurant and bar layout, complemented by valuable outdoor dining overlooking the harbour.
Honeysuckle continues to evolve as one of the region’s most prominent mixed-use precincts, supported by more than twenty years of sustained public and private investment. Since its initiation in 1992 as part of the Building Better Cities program, the Honeysuckle project has transformed Newcastle’s waterfront from a former industrial hub into a vibrant lifestyle, commercial, and residential area (HCCDC 2023).
The precinct has contributed significantly to the local economy, injecting over $2 billion in investment and creating approximately 7,500 jobs. Environmental remediation, heritage restoration, and upgraded infrastructure, including promenades, cycleways, and bridges, have reconnected the city to the harbour while enhancing public spaces and access along the foreshore (HCCDC 2023).
Master-planned precincts within Honeysuckle have delivered a dynamic mix of commercial, hospitality, and residential development, supporting more than 2,200 residents and a growing workforce. Ongoing projects, such as Honeysuckle Central and new commercial office developments, continue to expand the precinct’s role as Newcastle’s high-end waterfront destination (HCCDC 2023).
“The Dockyard represents a rare opportunity to secure both a high-profile waterfront freehold and a proven hospitality business within a precinct that has been shaped by decades of successful urban renewal. The Honeysuckle precinct’s long-term planning, strong amenity, and continuing investment make this one of Newcastle’s most desirable locations for operators and investors alike”, said Adam Leacy, National Director at Commercial Collective.
Additional key highlights of this property include:
- Annual revenue of $2.62 million and EBITDA of $826,329
- Long-standing venue with strong brand presence and 19 years of operation
- Valuable outdoor dining area overlooking Newcastle Harbour
- Located within The Boardwalk, one of Honeysuckle’s most iconic retail and hospitality destinations
- 328 sqm* total building area on highly exposed harbourside corner
- Surrounded by major residential, commercial, and mixed-use development activity
- Freehold property and established business offered combined
- Zoned MU1 Mixed Use
The property is for sale by Expressions of Interest. Commercial Collective’s team are highly experienced in matching opportunities in sought-after locations to Investors and this opportunity is thought to be well-received in such a high-demand market. Click here to learn more.
