Newcastle West799-805 Hunter Street

Newcastle Development Site - 3 buildings, 2 Titles & 2 Street Frontages

Newcastle West has entered an unprecedented boom phase with the announcement that both Newcastle City Council & multiple State Government bodies will re-locate to purpose built premises by 2020.

The subject development site is well place to benefit from these landmark re-locations as it is just 300 metres to the west from both sites.

There are 3 brick buildings constructed upon the land & 9 of the 10 tenancies are currently leased.

Land area : 1520m2 (approx)
Floor space ratio: 6:1
Building height limit: 60 metres
Zoned: B4 Mixed Use
Net Income: Approx $149,525pa
Only two leases extend beyond 2019 but have demolition clauses.

This is a strong development opportunity with a good income stream that will cover a due diligence period & development application to council.

Contact Agent

Jason Morris

Jason Morris

Raine & Horne Commercial

02 4915 3000

0425 302 778

Property Information

  • Street Address 799-805 Hunter Street
  • Type Commercial
  • Price Expressions Of Interest: Closing 26th April 2018
  • State NSW
  • Suburb Newcastle West
  • Property Type Offices
  • Land Size 1520 m2
  • Building Size 1404 m2

Location Map