Skip to main content
SearchBack to results

1 Union Street Newcastle NSW 2300

  • Shop & Retail
  • 512 m²
  • Commercial Auction

Strategic Newcastle CBD Freehold - Renewed 5 Year Lease

  • Newcastle CBD Freehold Investment
  • Fixed 2.5% Annual Increases
  • Net Income $164,054 + GST

Cushman & Wakefield is pleased to present to the market 1 Union Street, Newcastle for Sale via Auction.

The property has the following key characteristics:

- Renewed 5 year lease to 2026 + options to 2031
- Ray White - One of Australia's most recognised residential real estate brands with a national network of over 1,000 locations across Australia
- Strategic Newcastle CBD freehold, corner 328 sqm landholding improved by a two level office building
- Long term occupancy with over 20+ years as a real estate agency in the same location
- Net lease - Tenant responsible for 100% of outgoings as per the lease including Land Tax
- Premium CBD location within close proximity to The University of Newcastle, Train Station, Light Rail, Marketown Shopping Centre & Newcastle Beach
- Newcastle - Australia's 7th largest city, 160 km from Sydney with a population of 498,015 people
- Favourable development controls with 5:1 FSR, B4: Mixed Use Zoning & a 45 metre building height limit providing significant value add potential (STCA)
- Fixed 2.5% annual rent increases
- Net Income $164,054 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.

AUCTION

Auction date and time25/11/2021 11:00
Auction locationDoltone House Hyde Park - 3/181 Elizabeth Street, Sydney
Geoff Sinclair
Cushman & Wakefield Sydney
Geoff Sinclair
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney

Property Highlights

Property ID2017394004
Floor Area512 m²
Land Area328 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  9 Nov 2021
Map for 1 Union Street Newcastle NSW 2300
Map for 1 Union Street Newcastle NSW 23001 Union Street Newcastle NSW 2300
Geoff Sinclair
Cushman & Wakefield Sydney
Geoff Sinclair
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney

Property Highlights

Property ID2017394004
Floor Area512 m²
Land Area328 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  9 Nov 2021
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000
Geoff Sinclair
Cushman & Wakefield Sydney
Geoff Sinclair
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Geoff Sinclair

Geoff Sinclair

Cushman & Wakefield Sydney

Yosh Mendis

Yosh Mendis

Cushman & Wakefield Sydney

0451 *** ***
0451 462 759

More Properties for Sale from Cushman & Wakefield Sydney

125 Lakelands Drive Dapto NSW 2530
Commercial Auction
125 lakelands drive,dapto, NSW 2530
1 m²
Shop & Retail
141 Camberwell Road Hawthorn East VIC 3123
Expressions of Interest
141 camberwell road,hawthorn east, VIC 3123
10,249 m²
Offices
207 Pacific Highway St Leonards NSW 2065
Expressions of Interest
207 pacific highway,st leonards, NSW 2065
19,993 m²
Offices
Contact Agent