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Colliers - Newcastle

100 Parry Street & 62 Union Street Newcastle West, NSW 2302

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100 Parry Street & 62 Union Street,
Newcastle West, NSW 2302

Development Sites & Land

Price information

Sale - Expression of Interest

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

Private inspections

to arrange a private inspection.
Colliers - Newcastle
Peter Macadam
Ben Robinson

Colliers - Newcastle

Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
Colliers - Newcastle
100 Parry Street & 62 Union Street
Newcastle West, NSW 2302

Detailed listing

Map of 100 Parry Street & 62 Union Street

Directions
  • Train stations within 5 km of 100 Parry Street & 62 Union Street, Newcastle West, NSW 2302Distance
    Newcastle Interchange922 m
    Hamilton Station2.1 km
    Broadmeadow Station2.9 km
    Adamstown Station4.2 km
    Waratah Station4.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 100 Parry Street & 62 Union Street, Newcastle West, NSW 2302Distance
    Union St After Parry St29 m
    Union St Opp Laman St244 m
    King St Opp Devonshire St254 m
    Union St Opp National Park Netball Centre291 m
    Marketown Shopping Centre, Steel St326 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.

Property ID: 504594260Last Updated: 20 May 2024

Colliers - Newcastle
Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
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