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Sold on 17 Sep 2021

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

Michael Chapman
Colliers International - Newcastle
Michael Chapman
Colliers International - Newcastle
Gus Moors
Colliers International - Newcastle
Gus Moors
Colliers International - Newcastle
Chris Chapman
Colliers International - Newcastle
Chris Chapman
Colliers International - Newcastle

Property Highlights

Property ID2017092197
Date Sold17 Sep 2021
Floor Area3,543 m²
Land Area1,106 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  20 Sep 2021
Map for 21 Parnell Place Newcastle NSW 2300
Map for 21 Parnell Place Newcastle NSW 230021 Parnell Place Newcastle NSW 2300
Michael Chapman
Colliers International - Newcastle
Michael Chapman
Colliers International - Newcastle
Gus Moors
Colliers International - Newcastle
Gus Moors
Colliers International - Newcastle
Chris Chapman
Colliers International - Newcastle
Chris Chapman
Colliers International - Newcastle

Property Highlights

Property ID2017092197
Date Sold17 Sep 2021
Floor Area3,543 m²
Land Area1,106 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  20 Sep 2021
Colliers International - Newcastle
Ground Floor, 18 Honeysuckle Drive Newcastle NSW 2300
Michael Chapman
Colliers International - Newcastle
Michael Chapman
Colliers International - Newcastle
Gus Moors
Colliers International - Newcastle
Gus Moors
Colliers International - Newcastle
Chris Chapman
Colliers International - Newcastle
Chris Chapman
Colliers International - Newcastle
Michael Chapman

Michael Chapman

Colliers International - Newcastle

Gus Moors

Gus Moors

Colliers International - Newcastle

Chris Chapman

Chris Chapman

Colliers International - Newcastle

+61 *** ***
+61 402 724 841

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