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789-791 Hunter Street & 5-7 Denison Street
Newcastle West NSW 2302
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Sold on 4 Nov 2021

789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302

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

Cambridge Hotel - Freehold Acquisition Opportunity

Opportunity to take the iconic Cambridge Hotel through to its next life cycle. With an existing lease until June 2023, the hotel is strategically places with the city's growth corridor and benefits from it's close proximity to the Newcastle Interchange and bus terminal which are located directly opposite the property.

The property in it's existing form comprises a venue building with three dedicated sessions for live music, 16 rooms - student accommodation, a separate two level commercial building and 19 car spaces. The DCP allows for a potential developable Gross Floor Area of 11,650 sqm* (STCA).

- Zoned B4 Mixed Use
- Net income $267,687* pa + GST
- Site area of 1,942 sqm*
- FSR 6:1
- Height limit 60 m
- Delayed settlement period available
- Eight poker machine entitlements plus licence on title

*Approximately

Highlights:
* Zoned B4 Mixed Use
* Entitlements plus licence
* Prime location

Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold4 Nov 2021
Floor Area900 m²
Land Area1,942 m²
ParkingAsk Agent
Property ID2016694464
Category
Last updated  4 Nov 2021
Map for 789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302

Nearest transport* to 789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302

Bus
Train
Tram
Hunter St After National Park St61 m
King St Before National Park St78 m
Hunter St At Florence St126 m
King St At National Park St136 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold4 Nov 2021
Floor Area900 m²
Land Area1,942 m²
ParkingAsk Agent
Property ID2016694464
Category
Last updated  4 Nov 2021

Co-Agents

Adam Leacy
Adam Leacy
Commercial Collective
Call
0421 613 160
Matt Kearney
Matt Kearney
Commercial Collective
Call
0427 921 206

More about 789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302

789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 900 m² and a land area of 1,942 m². The listing ID for this property is 2016694464.

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