A busy commercial building at 259 Hunter Street in Newcastle is listed for sale by auction.
The freehold investment opportunity is located in the heart of Newcastle CBD and is currently occupied by The Rum Diary Bar which won regional bar of the year at the 2021 Australian Bar Awards.
The property boasts a boutique fit out including a ground floor bar, commercial kitchen with a secondary bar area, an external deck and a designated cigar lounge on the first floor.
It attracts a net rental of $117,351 per annum and is listed for sale by auction with Adam Leacy at Commercial Collective and Deane Moore from Moore & Moore Real Estate.
The auction will be held on-site on November 16 at 11am.
Maitland apartment hotel set for auction
An apartment hotel in Maitland CBD is listed for sale by public auction with Colliers Newcastle.
The property, known as the Quest at 24 Charles Street, comprises a modern two-storey building containing 10 serviced apartments including on-site car parking for seven vehicles and one accessible space.
There are two one-bedroom apartments and the remaining eight apartments can be used as individual lettings or as four dual-key apartments.
The property benefits from a new five-year lease, commencing in March 2022, with seven five-year option terms and providing a net annual rental of $158,942 (plus GST).
"We are expecting interest above $2 million," said Luke Rutledge from Colliers Newcastle.
The public auction will be held on December 1 at Ground Floor, 18 Honeysuckle Drive in Newcastle.
Prime commercial opportunity in Hamilton
A high-profile commercial freehold retail building near Hamilton's popular Beaumont Street is on the market.
This freehold building at 98 Tudor Street, Hamilton comprises 120 square metres of internal area, prominently situated on Tudor Street in the lifestyle retail hub of Hamilton.
The property has a longstanding history as a hair salon and has recently been refurbished and re-branded by the current long-term occupants.
Internally the premises comprise an industrial-style retail fit-out including perimeter cutting bays and wash stations, central reception and retail area, storage and amenities as well as staff courtyard breakout space.
Listing agent Luke Rutledge from Colliers Newcastle said the price guide for the property is $850,000.
The auction will be held on December 1 at Ground Floor, 18 Honeysuckle Drive in Newcastle.
