Life At Throsby

Wickham has undergone many changes over the years.  From its origins as an industrial suburb that housed many of the cities woolsheds, rail yards and port related services together with residential minors-hut type dwellings; to the modern suburb which has seen a metamorphosis of old industrial type buildings being converted into residential dwellings or demolished altogether and developed into new mixed use buildings.

Key to these emerging trends has been the zoning changes of this city-side suburb.  In 2012, much of Wickham was re-zoned by Newcastle City Council from IN 2 Light Industrial, to a more development friendly zoning of B4 Mixed Use which allows for residential development so long as there is some commercial aspect included in the designs.

We have recently been involved in a successful new development of this kind which was in Throsby Street and saw 3 old warehouse buildings and a residence demolished and in its place a three-storey building consisting of 49 residential apartments and 4 commercial suites constructed.

Known as “Life at Throsby”, the building has been a great success with all 49 residential apartments being sold prior to completion and 3 out of the 4 commercial suites being taken.

The commercial suites consisted of 3 ground floor office/retail spaces ranging from 88-350m2, together with a first floor office of 330m2.

Take up of the commercial suites include a provedore with an extensive range of deli foods, wood fire pizzas and barista made coffee, a hairdresser/stylist and the first floor office has been secured by a world leader in recruitment  who will be commencing their tenancy in November 2015.  There is one ground floor commercial space of 209sqm remaining.

But wait there’s more! There are currently 3 more development applications all in Throsby Street (opposite Life at Throsby development) for further mixed use developments.  These development sites are all side by side and will completely change the landscape of this street which currently has old warehouses and hardstand yards on these sites.

All of the above is driven by demand.  Demand to be close to Newcastle city and the harbour including Honeysuckle precinct, demand for apartment style living with less maintenance and upkeep requirements and demand to house businesses within multiple apartment developments that possess an existing audience within the building – not to mention on-site parking included.

With the 3 above mentioned developments all expected to receive approval, it is very much a case of watch this space – Wickham is going to explode with activity and popularity!

Jason Morris
Commercial/Industrial Specialist

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