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380 Hunter Street, Newcastle, NSW, 2300

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380 Hunter Street, Newcastle, NSW, 2300

380 Hunter Street, Newcastle, NSW, 2300

Properties / Sold / New South Wales / Newcastle
Tenanted Investment

1. Property Summary

Selling Method
Auction
Selling Details
Contact Agent
Floor Area
363 m² (*approx)
Property Type
Offices, Retail
Terms
Retail leases expiring Feb 2029
Est. Income
$110,000 p/a
Fully Leased
The Lincoln Room Barbers Parlor and Coal and Cedar Cocktail Bar
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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
Tenanted Investment

1. Property Summary

Property Type
Offices, Retail
Est. Income
$110,000 p/a
Tenant
The Lincoln Room Barbers Parlor and Coal and Cedar Cocktail Bar
Terms
Retail leases expiring Feb 2029
Floor Area
363 m² (*approx)
Selling Method
Auction
Auction Date
13 Mar 2024 11:00AM
Add to calendar
Selling Details
Contact Agent

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
Tenanted Investment
Brad Crouch
Brad Crouch
+61 *** *** *** show +61 411 343 768
Isaac Reville
Isaac Reville
+61 *** *** *** show +61 401 468 759

Download Development Site Report

3. Property Location

380 Hunter Street, Newcastle, NSW, 2300

Property Map
Street View
380 Hunter Street, Newcastle, NSW, 2300 Newcastle
Commercial Collective
Commercial Collective
10, Newcomen Street, Newcastle, Newcastle City Council, New South Wales, Australia, 2300
Brad Crouch
Brad Crouch
+61 *** *** *** show +61 411 343 768
Isaac Reville
Isaac Reville
+61 *** *** *** show +61 401 468 759
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