100 Parry Street & 62 Union Street,
Newcastle West, NSW 2302
Development Sites & Land
Price information
Sale - Expression of Interest closing Wed 26 Jun
Contact Agent
Detailed listing
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$267,501
Number of Tenants
2 Tenants
Expression of Interest
Private inspections
to arrange a private inspection.
Colliers - Newcastle
Ground Floor, 18 Honeysuckle DriveNEWCASTLE, NSW 2300
100 Parry Street & 62 Union Street
Newcastle West, NSW 2302
Detailed listing
Map of 100 Parry Street & 62 Union Street
Train stations within 5 km of 100 Parry Street & 62 Union Street, Newcastle West, NSW 2302 Distance Newcastle Interchange 922 m Hamilton Station 2.1 km Broadmeadow Station 2.9 km Adamstown Station 4.2 km Waratah Station 4.5 km POWERED BY HERE ©Bus stops within 5 km of 100 Parry Street & 62 Union Street, Newcastle West, NSW 2302 Distance Union St After Parry St 29 m Union St Opp Laman St 244 m King St Opp Devonshire St 254 m Union St Opp National Park Netball Centre 291 m Marketown Shopping Centre, Steel St 317 m POWERED BY HERE ©
POWERED BY HERE ©
Prime CBD corner site with secure holding income
- 2,564m²* site area
- 7,692m²* potential GFA (STCA)
- Zoned R4 High Density Residential
Comprising an expansive 2,564 square metre* site across two allotments, the opportunity offers a unique corner site in a prominent CBD fringe location. The properties benefit from substantial redevelopment opportunities, given the corner location, 24 metre maximum height limit and floor space ratio of 3.0:1.
The improvements offer a total lettable area of over 1,750 square metres* across three buildings, currently occupied by Petbarn until May 2027, and Lawrence Hanson until January 2025. The existing leases offer substantial holding income of $267,500* net per annum (plus GST), whilst the buildings also offer re-positioning or value-add prospects (STCA).
The site enjoys an array of surrounding amenity including Aldi, Marketown, Heal Urgent Care, Honeysuckle and is only a short stroll to Darby Street and a range of pubs and restaurants. Additionally, given the corner position once fully developed, the site will offer a unique perspective of Newcastle with park views spanning to Merewether.
For Sale by Expressions of Interest closing Wednesday 26 June 2024 at 4pm (AEST).
Ground Floor, 18 Honeysuckle Drive, Newcastle
*Approximate.
The improvements offer a total lettable area of over 1,750 square metres* across three buildings, currently occupied by Petbarn until May 2027, and Lawrence Hanson until January 2025. The existing leases offer substantial holding income of $267,500* net per annum (plus GST), whilst the buildings also offer re-positioning or value-add prospects (STCA).
The site enjoys an array of surrounding amenity including Aldi, Marketown, Heal Urgent Care, Honeysuckle and is only a short stroll to Darby Street and a range of pubs and restaurants. Additionally, given the corner position once fully developed, the site will offer a unique perspective of Newcastle with park views spanning to Merewether.
For Sale by Expressions of Interest closing Wednesday 26 June 2024 at 4pm (AEST).
Ground Floor, 18 Honeysuckle Drive, Newcastle
*Approximate.
Property ID: 504594260Last Updated: 20 May 2024
Colliers - NewcastleGround Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
NEWCASTLE, NSW 2300
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