711 Hunter StreetNewcastle West NSW 2302
Property Details for 711 Hunter St, Newcastle West
Last Listing description (October 2023)
FOR SALE 711 Hunter Street, Newcastle
JLL and Colliers are pleased to exclusively offer 711 Hunter Street, Newcastle to the market for sale.
711 Hunter Street presents an exciting opportunity to acquire a DA approved residential site, that will set the benchmark for urban vertical living in Newcastle.
Set in a prominent location covering 4,724m*, the property benefits greatly from its three street frontages and existing improvements. The valuable Development Approval allows for two 26-storey towers with the flexibility for a staged or single line delivery model. The 90m height combined with a considered tower placement and orientation ensures panoramic water and district views from most apartments, whilst creating a landmark addition to Newcastle.
Development Highlights:
- Expansive 4,724m* level site with three street frontages
- APPROVAL FOR:
o 257 apartments
o 1,241m* retail/commercial (pre-approved for F&B and retail uses until 10pm)
o Stageable over two towers
- Design competition winning architecture by Tier 1 firm Plus Architecture
- Coordinated structural and services design for efficient design development phase
- 26-storey towers positioned to capture panoramic water and district view corridors in all directions.
- Prime central location within proximity to Newcastle's best amenity
- Secure holding income of $630,000.00* + GST per annum, including the parking revenue for 22/23.
711 Hunter Street, Newcastle for sale by Expressions of Interest, closing 4:00pm (AEDT) Thursday 16 November 2023.
*Approximate.
Property History for 711 Hunter St, Newcastle West, NSW 2302
- 17 Jun 2024Sold for $25,100,000
- 19 Oct 2023Listed for Sale Please contact agent
- 18 Feb 2021Listed for Rent - Price not available
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0About Newcastle West 2302
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:
- The median value for Houses in Newcastle West is $1,263,434 while the median value for Units is $728,791.
- Houses have a median rent of $578 while Units have a median rent of $650.
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