21 Parnell Place,
Newcastle, NSW 2300
Please contact agent
Key property information
Map of 21 Parnell Place
Train stations within 5 km of 21 Parnell Place, Newcastle, NSW 2300 Distance Newcastle Interchange 2.9 km Hamilton Station 4 kmPOWERED BY HERE © Bus stops within 5 km of 21 Parnell Place, Newcastle, NSW 2300 Distance Parnell Pl Opp Alfred St 81 m Customs House, Watt St 510 m Customs House, Set Down 524 m Watt St at King St 549 m Newcastle Station, Scott St 554 mPOWERED BY HERE ©
“Newcastle Beach Hotel” Iconic Hotel Investment with enormous value add opportunity
- Picture perfect coastal hotel with views
- Currently Leased to Allogio Hotels
- Net income $546,363 pa (plus GST)
The site offers the potential for multiple opportunities including to redesign and construct a prestigious boutique apartment building or hotel in the famous Newcastle beach locale (STCA). Strategically situated in Newcastle’s vibrant east end, the property is positioned to benefit from the rapidly growing demand from tourism in this part of the city.
A five level building incorporating 47 hotel rooms, three function rooms, a commercial kitchen, restaurant and a three bedroom rooftop residence / bar opportunity, together with secure basement parking.
For Sale by Expressions of Interest closing 19 August 2021 at 4pm
Explore property virtually
If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 503856234Last Updated: 22 Jul 2021
More properties from Colliers - Newcastle