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450-454 Hunter Street, Newcastle, NSW, 2300

2. Property Highlights

Premium CBD Investment with a long-term lease
  • 100% Occupancy
  • Lease Term 10 years x 10 years
  • 5-star NABERS Energy rating

For Sale by Expressions of Interest closing Thursday 11 April 2024

450-454 Hunter Street, Newcastle is a 6-storey commercial building leased to Helloworld Travel Agency. With a 10 year lease with an option to renew for a further 10 years, Helloworld occupy the total gross floor area of 1,449sqm* across 6 stories.

Helloworld, a renowned travel agency, initiated their tenure with a ten-year lease agreement in August 2017, with an option to extend for an additional 10 years commencing in August 2027. The property generates a substantial net rent of $435,189.24* per annum + GST, with a 3% annual increase effective from 1 August 2024.

Positioned on Newcastle's highly exposed Hunter Street, the property had a recent evaluation of the building's energy efficiency which concluded a 5-star NABERS Energy rating.

- Fully leased to Hunter Travel Group Pty Ltd trading as Helloworld

- Lease Term 10 years x 10 years

- Returning net income $435,189.24 per annum plus GST

- Tenant pays 100% of outgoings

- Outgoings estimated at $55,063.39* per annum

- Gross floor area of 1,449sqm*

- Zoned E2 Commercial Centre

- 5-star NABERS Energy rating

*Approximately

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3. Property Location

450-454 Hunter Street, Newcastle, NSW, 2300

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4. Due Diligence

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450-454 Hunter Street, Newcastle, NSW, 2300 Newcastle
Commercial Collective
Commercial Collective
10, Newcomen Street, Newcastle, Newcastle City Council, New South Wales, Australia, 2300
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