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Sold on 24 Dec 2020

Dairy Farmers Corner Hunter & Tighe Street Newcastle NSW 2300

  • Development / Land
  • 5,130 m²
  • Sold

PROMINENT CBD DEVELOPMENT SITE WITH HOLDING INCOME

  • Land area: 5,130sqm
  • FSR: 5:1 (resi) 8:1 (commercial)
  • Hotel, Residential, Office, Retail use

CBRE & Commercial Collective are pleased to present the Dairy Farmers Corner to market for sale by Expressions of Interest.

Dairy Farmers Corner offers a substantial development opportunity which will suit commercial, residential, retail and hotel use (STCA). The site is positioned on the 'West End' and is identified by council as the new CBD, surrounded by an array of large format retailers, bustling cafes and a walk to the Transport Interchange.

Key attributes:

Iconic Newcastle corner location, Newcastles Famous Dairy Farmers Corner
Three street frontages Hunter Street, Railway Street and Tighe Street
Expansive 5,130sqm site area 10 separate allotments
90m height limit the maximum allowable in Newcastle CBD
Maximum 8:1 FSR (commercial) and 5:1 (residential)
Not affected by mine subsidence eliminated significant cost and construction risk
Significant holding income fixed leases in place with demo clauses
Strong supporting demographics within the local and broader catchment
Newcastle: Australia's largest regional economy with population of 450,000 and growing

EOI closing Thursday, 19 November 2020 at 4PM.
For more information, please contact the exclusive sales agents.

*approximate

Xavier Rahme
CBRE Sydney
Xavier Rahme
CBRE Sydney
Nicholas Heaton
CBRE Sydney
Nicholas Heaton
CBRE Sydney

Property Highlights

Property ID2016556505
Date Sold24 Dec 2020
Floor Area2,627 m²
Land Area5,130 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  29 Jan 2021
Map for Dairy Farmers Corner Hunter & Tighe Street Newcastle NSW 2300
Map for Dairy Farmers Corner Hunter & Tighe Street Newcastle NSW 2300Dairy Farmers Corner Hunter & Tighe Street Newcastle NSW 2300
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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.

Xavier Rahme
CBRE Sydney
Xavier Rahme
CBRE Sydney
Nicholas Heaton
CBRE Sydney
Nicholas Heaton
CBRE Sydney

Property Highlights

Property ID2016556505
Date Sold24 Dec 2020
Floor Area2,627 m²
Land Area5,130 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  29 Jan 2021
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000
Xavier Rahme
CBRE Sydney
Xavier Rahme
CBRE Sydney
Nicholas Heaton
CBRE Sydney
Nicholas Heaton
CBRE Sydney

Ask Xavier Rahme about this property

Xavier Rahme

Xavier Rahme

CBRE Sydney

Nicholas Heaton

Nicholas Heaton

CBRE Sydney

0415 *** ***
0415 711 606

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