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Colliers - Newcastle

87-89 Hunter Street Newcastle, NSW 2300

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87-89 Hunter Street,
Newcastle, NSW 2300

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Sale - Auction Wed 22 May

Please contact agent

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Colliers - Newcastle
Nick Christensen
Tim Woolf

Colliers - Newcastle

Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
Colliers - Newcastle
87-89 Hunter Street
Newcastle, NSW 2300

Map of 87-89 Hunter Street

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  • Train stations within 5 km of 87-89 Hunter Street, Newcastle, NSW 2300Distance
    Newcastle Interchange2.2 km
    Hamilton Station3.4 km
    Broadmeadow Station4.5 km
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  • Bus stops within 5 km of 87-89 Hunter Street, Newcastle, NSW 2300Distance
    King St at Bolton St124 m
    King St at Watt St134 m
    Bolton St After Church St157 m
    Watt St at King St201 m
    Customs House, Stand 4206 m
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POWERED BY HERE ©

Mixed use investment with two huge 4 bed apartments

  • Passing income of $129,514
  • Ground floor “Hatted” restaurant
  • Mixed use East End CBD investment
Irreplaceable mixed use investment opportunity in the East End of Newcastle. The property generates a significant net passing income of $129,514* per annum which is split between three tenancies. On the ground floor is Humbug, a recently awarded a “hatted” restaurant in the SMH good food guide 2024. One of only two restaurants in Newcastle which such an award, with the five other restaurants with “hats” being in the coveted Hunter Valley wine and food region. Humbug has recently extended their lease until 30 September 2029.

On the floors above are two huge 4-bedroom, 2-bathroom split level atrium style apartments. Both with separate accesses the apartments are leased until October & December 2024 respectively.

This fantastic opportunity presents the incoming purchaser the ability to have multiple income streams as well as the ability to live in the inner city should they wish.

For Sale by Public Auction - Wednesday 22 May 2024 at 11am

For more information, please contact the agents listed.

*Approximate

Property ID: 504569844Last Updated: 24 Apr 2024

Colliers - Newcastle
Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
Commercial Collective - NEWCASTLE
10 Newcomen Street
NEWCASTLE, NSW 2300
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