Outstanding Leased Investment Opportunity in the Heart of Newcastle
The Savills NSW Metropolitan & Regional Sales Team and Savills Retail Investment Team are pleased to present to the market, the opportunity to acquire 199-201 Hunter Street, Newcastle.
The subject property occupies a prominent position on the southern side of Hunter Street, one block west of the Hunter Street Mall redevelopment site.
The property benefits from unrivalled lifestyle amenity, being positioned within walking distance to Newcastle Beach, cycleways, cafes, restaurants, bars, shopping, public transport and the Newcastle CBD.
Asset Highlights Include:
- Three (3) story Freehold Retail building in heart of Newcastle CBD
- Extensive 10m* frontage to Hunter Street
- Leased to First State Super until Dec 2024
- Significant NLA of 444.4sq m*
- Fixed 3.5% Increases
- Estimated Net Income of $191,206pa*
The asset will be offered for sale via Private Treaty.
Contact the exclusive sales agents for further information.
*Approx.
Level | Tenancy | Sale Type | Price | AreaSqm | Status |
---|---|---|---|---|---|
n a | Private Treaty | 444.40sq m | Available |