Think HBR

Sold/Leased

Historic

Historic Newcastle building sold for $3.5 million

A building at 110 -112 Hunter Street,
Newcastle that was constructed in
1937 has been sold through Alan
Tonks of Raine & Horne Commercial
for $3.5 million + GST.
A fine example of the interwar art
deco style, the building has D/A
approval for 49 ensuited bed sitters
and two retail shops. The building
offers approximately 2,769 sqm and
eight levels of inner city living.
581 Maitland Road Mayfield West

Mayfield West property sold for $1 million

A freestanding showroom, office
and warehouse of 810 sqm on
land area of 1,906 sqm was sold by
McNamara Adams for $1,000,000 +
GST with vacant possession.
Located at 581 Maitland Road,
Mayfield West, the building was
constructed early 1990’s and was
sold to a business seeking owner
occupation.
106 Elizabeth St Tighes Hill

Sale / lease back for Tighes Hill property

Lot 1, 106 Elizabeth Street, Tighes Hill is a freestanding showroom, office and workshop/warehouse with a building area of 800 sqm. It was offered for sale on a lease back basis through McNamara Adams and achieved a sales price of $950,000, with rental of $85,000 pa + outgoings + GST. The lease term was 4 years. The building, constructed of concrete panel in the early 2000’s, received strong interest from investors seeking a property with functional improvements proximate to Newcastle Port showing market based fundamentals. 

Corner

CBD building fetches over $2 million

A two storey heritage building located on the corner of Hunter and Wolfe Streets in the Newcastle CBD has been sold for $2.025 million + GST. The approximately 1500 sqm building adjoins the Urban Growth / GPT development site. The sale was negotiated through Jason Morris of Raine & Horne Commercial

Shed 2

Tomago workshop sold

Located in the 24/7 work environment
of Tomago, a heavy engineering facility
at 12-14 Martin Drive has been sold
through Steve Dick of Raine & Horne
Commercial for $3.15 million + GST.
Set on 12,560 sqm of level hardstand
industrial land, the workshop was
designed as a fabrication and
manufacturing facility and offers
approximately 4,058 sqm of floor space.
Shed

Rutherford industrial facility leased

A major industrial facility located at 139 Racecourse Road, Rutherford has been leased for $190,000 + OGS + GST. The facility of approximately 2,550 sqm has a separate office block, workshop with amenities, overhead cranes, huge compacted gravel hardstand area and is security gated with dual driveway access.  The lease was negotiated through Paul Tilden at Raine & Horne Commercial.

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