21 Parnell Place Newcastle NSW 2300

Hotel, Motel, Pub & Leisure
3,543 m²
Sold

Iconic Hotel Investment with enormous value add opportunity

Picture perfect coastal hotel with views
Currently Leased to Allogio Hotels
Net income $546,363 pa (plus GST)

Known as the Newcastle Beach Hotel, the property presents as an incredible opportunity to purchase in a premium coastal position with amazing views over the city and Pacific Ocean.

The site offers the potential for multiple opportunities including to redesign and construct a prestigious boutique apartment building or hotel in the famous Newcastle beach locale (STCA). Strategically situated in Newcastle's vibrant east end, the property is positioned to benefit from the rapidly growing demand from tourism in this part of the city.

A five level building incorporating 47 hotel rooms, three function rooms, a commercial kitchen, restaurant and a three bedroom rooftop residence / bar opportunity, together with secure basement parking.

For Sale by Expressions of Interest closing 19 August 2021 at 4pm

*Approximate

Colliers Newcastle

Ground Floor, 18 Honeysuckle

Newcastle, NSW 2300

Property Highlights

Date Sold	17 Sep 2021
Floor Area	3,543 m²
Land Area	1,106 m²
Parking	On site parking available
Property ID	2017092197
Category	Hotel, Motel, Pub & Leisure Development / Land
Last updated	20 Sep 2021

Map for 21 Parnell Place Newcastle NSW 2300

Nearest transport* to 21 Parnell Place Newcastle NSW 2300

Bus

Train

Tram

Parnell Pl Opp Alfred St	53 m
Scott St After Zara St	152 m
Nobbys Rd Before Wharf Rd	323 m
Customs House, Watt St	504 m

*Within a 4km radius

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Colliers Newcastle

Ground Floor, 18 Honeysuckle

Newcastle, NSW 2300

Property Highlights

Date Sold	17 Sep 2021
Floor Area	3,543 m²
Land Area	1,106 m²
Parking	On site parking available
Property ID	2017092197
Category	Hotel, Motel, Pub & Leisure Development / Land
Last updated	20 Sep 2021

Co-Agents

Michael Chapman

Colliers Newcastle

Call

+61 402 724 841

Gus Moors

Colliers Newcastle

Call

+61 404 005 066

More about 21 Parnell Place Newcastle NSW 2300

21 Parnell Place Newcastle NSW 2300 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 3,543 m² and a land area of 1,106 m². The listing ID for this property is 2017092197.