FOR SALE
$170000

277 Hunter Street
Newcastle NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 18m2
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Entry level investment opportunity in CBD

Phone enquiry code for this property : 3827
Great CBD commercial space suitable for investment or owner occupier.
Would suit office, medical/consulting room or small retail.
Zoned 4B Mixed Use
Central Hunter Street location in the heart of Newcastle CBD, with a diverse mix of retail outlets, bars, cafes, with great foot traffic. Dual access from King Street and Hunter Street. First floor walk up.
Close to Newcastle Law Courts, Newcastle University campus, Honeysuckle precinct and the Harbour Car Park Station. Public transport is also easily accessible.
The building is in stylish art deco style, with high ceilings, polished timber floors, plenty of natural light and full renovated amenities, which include a shower.
The room is 17.5m2, has a sink and air conditioning.
The building has recently been repainted, re-carpeted, the amenities have been renovated and the roof replaced.
Currently leased for $8800pa
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Property Details for 277 Hunter St, Newcastle

Building Type
Commercial
Floor Size
18m2

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About Newcastle 2300

The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of total area. The population of Newcastle in 2011 was 2,384 people. By 2016 the population was 2,752 showing a population growth of 15.4% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation. In 2011, 44.1% of the homes in Newcastle were owner-occupied compared with 45.7% in 2016.

Newcastle has 5,025 properties. Over the last 5 years, Houses in Newcastle have seen a 43.46% increase in median value, while Units have seen a 34.62% increase. As at 31 October 2024:

  • The median value for Houses in Newcastle is $1,698,065 while the median value for Units is $931,549.
  • Houses have a median rent of $720 while Units have a median rent of $690.
There are currently 41 properties listed for sale, and 11 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 263 properties were sold in the past 12 months in Newcastle.

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