The iconic Star Hotel presents an incredible opportunity to secure an exciting investment leased to a proven operator. Surrounding amenity includes the new Marketown Shopping Centre featuring Woolworths, Dan Murphy’s, and Spire apartments which is currently under construction, whilst Wests Leagues Club has secured the Newcastle Panthers site with huge plans for a mixed used development directly across the road. The inner city University of Newcastle campus is also under construction and the new Law Courts are nearing completion, both within a short walk of the Star Hotel. In addition, approval has been granted for an outdoor dining area totalling approximately 40 square metres along Devonshire Lane.

- Prime position on the corner of King Street and Devoshire Lane
- Total strata area 309sqm
- Zoned B4 Mixed Use
- One designated car space included
- Leased to 30 November 2024 with two further five year options
- Rental income $105,000 per annum net plus GST (as of 1 December 2015)
- Annual 3.5% fixed rent increases
- Outstanding new facility adjacent to Marketown Shopping Centre and the proposed new development by Wests Newcastle of the former Panthers club site.

For Sale by Public Auction, Thursday 19 November at 10.30 in-rooms, The Novotel, Level 2, 5 King Street, Newcastle.

(NA2015)