506 Hunter Street,
Newcastle, NSW 2300
Hotel, Motel & Leisure
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Knight Frank - Newcastle
Suite 1, Ground Floor, 168 Parry StreetNEWCASTLE WEST, NSW 2302
506 Hunter Street
Newcastle, NSW 2300
Map of 506 Hunter Street
Student accommodation investment - steps from the university
- Gross income of $135,460* p.a.
- 10 room student accommodation
- Rear lane access
Positioned along Hunter Street, Newcastle’s central commercial spine and main thoroughfare into the CBD, this established student accommodation offers a rare opportunity to secure an investment in a central position. The property comprises 10 rooms and is currently fully let, providing a gross income of $135,460* per annum.
Set on 108 sqm* of land with MU1 Mixed Use zoning, the property also benefits from rear lane access and proximity to the Newcastle University City Campus and Honeysuckle precinct. A consistent performer, it presents both current income security and future potential in one of Newcastle’s most connected locations.
Key features:
- 10 room student accommodation with consistent occupancy
- Gross income of $135,460* per annum (fully let)
- 108 sqm* site with MU1 Mixed Use zoning
- Rear lane access providing additional flexibility
- Centrally located on Hunter Street within walking distance to the University of Newcastle City Campus and Honeysuckle precinct
- Well established income stream with scope for future uplift.
- Accessible location with light rail and CBD amenities nearby.
For further information on this opportunity, please contact the exclusive Knight Frank agents.
*Approximate
Set on 108 sqm* of land with MU1 Mixed Use zoning, the property also benefits from rear lane access and proximity to the Newcastle University City Campus and Honeysuckle precinct. A consistent performer, it presents both current income security and future potential in one of Newcastle’s most connected locations.
Key features:
- 10 room student accommodation with consistent occupancy
- Gross income of $135,460* per annum (fully let)
- 108 sqm* site with MU1 Mixed Use zoning
- Rear lane access providing additional flexibility
- Centrally located on Hunter Street within walking distance to the University of Newcastle City Campus and Honeysuckle precinct
- Well established income stream with scope for future uplift.
- Accessible location with light rail and CBD amenities nearby.
For further information on this opportunity, please contact the exclusive Knight Frank agents.
*Approximate
Newcastle, 2300 demographic data
The median household income for Newcastle is $1,943, 35% higher than Regional New South Wales's household income of $1,434. Newcastle has a younger age profile compared to the rest of Regional New South Wales (median age 41 vs 43). Property ownership data shows 42% of property owners in Newcastle have a mortgage.
3,852
Population
$1,943 per week
Median household income
41 years
Median age
Renters
Most residents
Singles
Most households
Knight Frank - NewcastleSuite 1, Ground Floor, 168 Parry Street
NEWCASTLE WEST, NSW 2302
NEWCASTLE WEST, NSW 2302
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