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

  • Hotel, Motel, Pub & Leisure
  • 900 m²
  • For Sale, Contact Agent (under offer)

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

    For Sale by Expressions of Interest closing Thursday 11 February 2021 at 4:00pm (AEDT)

    *Approximately

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

    Adam Leacy
    Commercial Collective
    Adam Leacy
    Commercial Collective
    Matt Kearney
    Commercial Collective
    Matt Kearney
    Commercial Collective

    Property Highlights

    Property ID2016694464
    Floor Area900 m²
    Land Area1,942 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  10 May 2021
    Map for 789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302
    Map for 789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302789-791 Hunter Street & 5-7 Denison Street Newcastle West NSW 2302
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Adam Leacy
    Commercial Collective
    Adam Leacy
    Commercial Collective
    Matt Kearney
    Commercial Collective
    Matt Kearney
    Commercial Collective

    Property Highlights

    Property ID2016694464
    Floor Area900 m²
    Land Area1,942 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  10 May 2021
    Commercial Collective
    Level 2/28-30 Bolton St Newcastle NSW 2300
    Adam Leacy
    Commercial Collective
    Adam Leacy
    Commercial Collective
    Matt Kearney
    Commercial Collective
    Matt Kearney
    Commercial Collective

    Ask Adam Leacy about this property

    Adam Leacy

    Adam Leacy

    Commercial Collective

    Matt Kearney

    Matt Kearney

    Commercial Collective

    0421 *** ***
    0421 613 160

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