13 Blue Gum Road Jesmond NSW 2299

On behalf of the Receivers and Managers appointed, Knight Frank is pleased to present 13 Blue Gum Road, Jesmond to the market For Sale via Public Auction on Thursday, 21 August 2025 at 11am (AEST) at Rydges Newcastle.

This prime investment opportunity is situated in the heart of Jesmond's commercial precinct offering a modern four level new generational boarding house featuring 26 high spec self-contained boarding units, all with private amenities and air conditioning. The building is enhanced by communal break out areas including a prized rooftop terrace and is serviced by a Kone lift. Its prime central location is just a stone throw away from Jesmond Central Shopping Centre, McDonald's Jesmond, The University of Newcastle and Hotel Jesmond.

Key features:
- Leased until October 2028 plus option until October 2035
- $622,985* net income per annum (plus GST)
- Significant CPI plus 2% fixed increases assuring rental growth during the lease term
- Landlord friendly single head lease structure
- Tenant has comprehensive maintenance and redecoration commitments
- Modern build reducing near term CAPEX liability
- Directly adjacent to McDonald's Jesmond and Newcastle Road, a major arterial connecting Newcastle Link Road to the Newcastle CBD and Hunter Valley
- A short five minute* drive to The University of Newcastle's main Callaghan Campus. The University of Newcastle is one of the largest universities in Australia, with 37,946* students currently enrolled.
- Located in a defensive position, the building is well poised for future occupier demand with its convenient position being a clear drawcard

For further information, please contact the exclusive Knight Frank agents.

*Approximate