102 Hunter StreetNewcastle NSW 2300
Property Details for 102 Hunter St, Newcastle
Last Listing description (February 2024)
Occupying a key strategic corner location on Hunter & Bolton Streets, 102 Hunter Street stands proudly as an architectural landmark of the CBD cityscape and embodiment of grand early 20th century Palazzo style. Comprising five floors currently fully let on commercial tenancies, this represents a rare exceptional freehold investment opportunity with a potentially diverse range of future upside & repurpose opportunities (STCA).
- Site area of 278m²*
- Lettable area of 900m²*
- Zone MU1: Mixed Use
- 5 floors with upgraded modern lift
- Fully let with 6 existing tenancies
- Net annual income $197,000 + GST*
For Sale: Contact Agent
*Approximately
Property History for 102 Hunter St, Newcastle, NSW 2300
- 22 Feb 2024Sold for $3,500,000
- 11 Sep 2023Listed for Sale For Sale: Contact Agent
- 03 May 2022Listed for Sale Not Disclosed
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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 5,138 properties. Over the last 5 years, Houses in Newcastle have seen a 44.29% increase in median value, while Units have seen a 34.78% increase. As at 30 November 2024:
- The median value for Houses in Newcastle is $1,707,409 while the median value for Units is $937,865.
- Houses have a median rent of $830 while Units have a median rent of $690.
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