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553-557 Hunter Street, Newcastle West, NSW, 2302
Newcastle West
CURRENT BID $958,888 - 3 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact the Agent immediately to become qualified and avoid disappointment.
This 1900 ex banking building is a landmark Victorian commercial façade featuring a distinctive octagonal corner turret and richly detailed brickwork. The building's elevated arched window, pilastered detailing and turreted corner give it exceptional street presence and heritage character.
This is a rare opportunity to secure one of the precinct's most recognisable period buildings with outstanding scope for restoration or adaptive reuse. It has withstood the test of time having survived storm and tempest and even the odd earthquake whilst still returning a mighty income.
Situated midway along Hunter Street and one door from Devonshire Street this classic brick building with a metal roof contains two tenants who don't miss a beat when paying the rent that's despite working through some ongoing maintenance issues.
Returning approximately $102,676pa net with a WALE of 1.7 years on rent from the two tenants, a bar and a brothel. It is the classic ugly duckling that could grow into the Golden goose whose elderly Sydney owners are moving away from property.
Remember to mention you found this property on CommercialReady
CURRENT BID $958,888 - 3 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact the Agent immediately to become qualified and avoid disappointment.
This 1900 ex banking building is a landmark Victorian commercial façade featuring a distinctive octagonal corner turret and richly detailed brickwork. The building's elevated arched window, pilastered detailing and turreted corner give it exceptional street presence and heritage character.
This is a rare opportunity to secure one of the precinct's most recognisable period buildings with outstanding scope for restoration or adaptive reuse. It has withstood the test of time having survived storm and tempest and even the odd earthquake whilst still returning a mighty income.
Situated midway along Hunter Street and one door from Devonshire Street this classic brick building with a metal roof contains two tenants who don't miss a beat when paying the rent that's despite working through some ongoing maintenance issues.
Returning approximately $102,676pa net with a WALE of 1.7 years on rent from the two tenants, a bar and a brothel. It is the classic ugly duckling that could grow into the Golden goose whose elderly Sydney owners are moving away from property.
Remember to mention you found this property on CommercialReady
553-557 Hunter Street, Newcastle West, NSW, 2302
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
