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
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 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*
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