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100 Parry Street & 62 Union Street
Newcastle West NSW 2302
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100 Parry Street & 62 Union Street Newcastle West NSW 2302

  • Development / Land
  • 2,564 m²
  • Expressions of Interest

Prime CBD corner site with secure holding income

  • 2,564m²* site area
  • 7,692m²* potential GFA (STCA)
  • Zoned R4 High Density Residential

Comprising an expansive 2,564 square metre* site across two allotments, the opportunity offers a unique corner site in a prominent CBD fringe location. The properties benefit from substantial redevelopment opportunities, given the corner location, 24 metre maximum height limit and floor space ratio of 3.0:1.

The improvements offer a total lettable area of over 1,750 square metres* across three buildings, currently occupied by Petbarn until May 2027, and Lawrence Hanson until January 2025. The existing leases offer substantial holding income of $267,500* net per annum (plus GST), whilst the buildings also offer re-positioning or value-add prospects (STCA).

The site enjoys an array of surrounding amenity including Aldi, Marketown, Heal Urgent Care, Honeysuckle and is only a short stroll to Darby Street and a range of pubs and restaurants. Additionally, given the corner position once fully developed, the site will offer a unique perspective of Newcastle with park views spanning to Merewether.

For Sale by Expressions of Interest closing Wednesday 26 June 2024 at 4pm (AEST).
Ground Floor, 18 Honeysuckle Drive, Newcastle

*Approximate.

EXPRESSION OF INTEREST

Closing date and time26/06/2024 16:00
Recipient nameAsk Agent
Delivery addressGround Floor, 18 Honeysuckle Drive, Newcastle

Property Highlights

Floor AreaAsk Agent
Land Area2,564 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Property ID2019251330
Category
Last updated  20 May 2024
Map for 100 Parry Street & 62 Union Street Newcastle West NSW 2302

Nearest transport* to 100 Parry Street & 62 Union Street Newcastle West NSW 2302

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Property Highlights

Floor AreaAsk Agent
Land Area2,564 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Property ID2019251330
Category
Last updated  20 May 2024

Co-Agents

Ben Robinson
Colliers Newcastle
Call
0402211392
Peter Macadam
Peter Macadam
Colliers Newcastle
Call
+61 402 074 159

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