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529 Hunter Street
Newcastle NSW 2300
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Sold on 11 Dec 2019

529 Hunter Street Newcastle NSW 2300

  • Hotel, Motel, Pub & Leisure
  • 151 m²
  • Sold

'The Terrace' Hotel Investment

The property presents an opportunity to acquire a boutique inner city hospitality building with a lease in place until August 2022, with three further option periods of five years each. Strategically positioned within the citys growth corridor, the property is currently returning $115,565* net per annum.

In recent years, the property has undergone a complete refurbishment featuring brand new commercial kitchen on the ground floor, bar area, dual amenities and lounge area overlooking Hunter Street. The refurbishment also included a first floor cocktail bar and secluded open air rooftop terrace.

- Site area 289 sqm*
- Gross Floor Area 501 sqm*
- Zoned B4 Mixed Use

For Sale by Public Auction
Wednesday 11 December 2019 at 11:00am (AEDT)
Auction to be held in rooms at Novotel Newcastle Beach
5 King Street, Newcastle NSW

*Approximately

AUCTION

Auction date and time11/12/2019 11:00
Auction location5 King Street, Newcastle East

Property Highlights

Date Sold11 Dec 2019
Floor Area151 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2015891245
Category
Last updated  16 Jan 2020
Map for 529 Hunter Street Newcastle NSW 2300

Property Highlights

Date Sold11 Dec 2019
Floor Area151 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2015891245
Category
Last updated  16 Jan 2020

Listed by

Matt Kearney
Matt Kearney
Commercial Collective
Call
0427 921 206

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