CBRE Hotels, along with Moore and Moore Real Estate are delighted to be appointed to sell the freehold going concern interest in Hotel Delany.
Key investment considerations include:
– Widely considered one of Newcastle’s most coveted hotels
– Situated at the heart of Newcastle’s ‘Eat Street’ Precinct amongst a thriving retail, dining, fashion and art scene – comparable to Sydney’s Crown Street, Surry Hills
– Premium 1,684sqm* retail footprint on the ever popular Darby Street
– Proximate to Newcastle’s $750m landmark ‘East End’ Project (13 minute walk) set to transform the Newcastle City Centre and attract more than 5,000 new residents, mixed businesses and retail tenants across four separate stages
– Council carpark at the rear of the hotel offering convenience and security for patrons
– Favourable planning controls including B4 Mixed Use zoning, 2:1 FSR, 14m Height Limit
– Hotel offers substantial opportunity to reconfigure and reposition in light of Newcastle's resurgence and significant recent government investment
– Sale includes Hotel Licence with 22 Poker Machine Entitlements – OLGR approved to 2am^
^DA approval pending
*approximate
