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21 Parnell Place
Newcastle NSW 2300
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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

Colliers Newcastle
Colliers Newcastle
Ground Floor, 18 Honeysuckle
Newcastle, NSW 2300

Property Highlights

Date Sold17 Sep 2021
Floor Area3,543 m²
Land Area1,106 m²
ParkingOn site parking available
Property ID2017092197
Category
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 St53 m
Scott St After Zara St152 m
Nobbys Rd Before Wharf Rd323 m
Customs House, Watt St504 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Colliers Newcastle
Colliers Newcastle
Ground Floor, 18 Honeysuckle
Newcastle, NSW 2300

Property Highlights

Date Sold17 Sep 2021
Floor Area3,543 m²
Land Area1,106 m²
ParkingOn site parking available
Property ID2017092197
Category
Last updated  20 Sep 2021

Co-Agents

Michael Chapman
Michael Chapman
Colliers Newcastle
Call
+61 402 724 841
Gus Moors
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.

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