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2. Property Highlights

CBD office building with ASX-listed tenants
  • 100% freehold office building
  • Substantial fully leased income
  • Future development upside

Knight Frank, on behalf of the Port Authority of New South Wales, are pleased to offer for sale 6 Newcomen Street, a prime office building in Newcastle's CBD.

This freehold property is leased to ASX listed and multinational tenants, providing stunning harbour views and significant future potential for refurbishment or redevelopment (STCA).

Situated in the prestigious East End of Newcastle, the building enjoys a prime location surrounded by excellent amenity including the harbour foreshore, light rail, beaches, cafes, restaurants, and business services. The East End is undergoing a major transformation with nearby projects, such as the East End Residences and a new 5-star QT hotel, contributing to the area's thriving atmosphere.

Key Features:

- 100% freehold office building with upside potential

- Potential fully leased income of $696,442* per annum (excl GST)

- Leased to ASX listed and multinational tenants: Whitehaven Coal, Honeysuckle Health, Chandler MacLeod & Port of Newcastle

- Medium-term upside through refurbishment or redevelopment (STCA)

- Stunning harbour views across all levels

- WALE of 1.54 years by income

For more information or to arrange an inspection, contact exclusive agents Brent Sinclair or Ross Cooper.

For sale by Expressions of Interest closing Thursday, 10 August at 4pm (AEST).

*Approximate

Remember to mention you found this property on DevelopmentReady

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4. Property Location

6 Newcomen Street, Newcastle, NSW 2300

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5. Due Diligence

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  • Surrounding Amenity
6 Newcomen Street, Newcastle, NSW 2300 Newcastle
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