Watch Watch
Back
×
Sold Check
+14 Photos
380 Hunter Street, Newcastle, NSW, 2300

2. Property Highlights

Fully leased multiple income commercial premises
  • Net Income $110,000 per annum + GST
  • Retail lease expiring Feb 2029
  • Commercial lease expiring March 2025

For Sale by Auction on 13 March 2024 at 11am

Located in the iconic Evatt Chambers building, 380 Hunter Street, Newcastle presents an excellent opportunity to acquire a fully leased commercial building in a prime location on Hunter Street. The premises comprises of 2 ground floor retail tenancies over 175sqm* currently leased to The Lincoln Room Barbers Parlor and Coal and Cedar Cocktail Bar. Upstairs is an elegant 188sqm* commercial suite with an exception fitout insitu. This space is currently leased by commercial operators Quality People and Training Solutions who have been operating there since September 2022.

- Fully leased commercial premises with an annual net income of $110,000* + GST

- Downstairs retail leases leased until Feb 2029

- Upstairs commercial lease until March 2025 offering flexible potential residential development

- Steady income stream from multiple leases

- Located close to Newcastle University, Newcastle Light Rail network and the Honeysuckle precinct

*Approximately

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

380 Hunter Street, Newcastle, NSW, 2300

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
380 Hunter Street, Newcastle, NSW, 2300 Newcastle
Commercial Collective
Commercial Collective
10, Newcomen Street, Newcastle, Newcastle City Council, New South Wales, Australia, 2300
calculator-icon Yield Calculator
calcultor-icon Yield Calculator