653-657 Hunter St, Newcastle West is a 1 bedroom, 1 bathroom House. The property has a land size of 1011m2.
Boasting of an acre (1011sqm) of prime central Newcastle real estate, this exceptional landholding is without doubt a first-class opportunity in this blue-chip locale.
Currently used as offices and workshop for a local electronics company, the two storey building with an approximate 20m frontage to Hunter Street and zoned B3 Commercial Core, represents a unique and tantalising prospect to acquire a prime site and deliver a defining development on the doorstep of everything the city has to offer.
Benefitting from Newcastle's Urban Renewal Strategy and within walking distance of its iconic harbour and Honeysuckle entertainment precinct, close to its world class beaches, next to a string of cultural attractions, offering momentary access to the University city campus and law courts building and enjoying first-rate transport connections with buses and the Newcastle interchange close by, the location is simply outstanding.
Potential uses, subject to council approval include, Commercial Offices, Residential Accommodation, Student Accommodation, High Rise Development, Entertainment, Education Facilities, Hotel or Motel.
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The size of Newcastle West is approximately 0.8 square kilometres. It has 5 parks covering nearly 31.8% of total area. The population of Newcastle West in 2011 was 593 people. By 2016 the population was 619 showing a population growth of 4.4% in the area during that time. The predominant age group in Newcastle West is 20-29 years. Households in Newcastle West are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newcastle West work in a professional occupation. In 2011, 36% of the homes in Newcastle West were owner-occupied compared with 35.9% in 2016..
Newcastle West has 1,784 properties. Over the last 5 years, Houses in Newcastle West have seen a 48.32% increase in median value, while Units have seen a 28.53% increase. As at 31 October 2024:
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