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528-534 Hunter Street, Newcastle, NSW 2300

Properties / Buy / New South Wales / Newcastle

Development Potential

1. Property Summary

Property Type

Mixed Use

Land Area

1,075 m² (*approx)

Selling Method

EOI: Contact Agent

DOCUMENTS AVAILABLE

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EOI Closing Date

14 Nov 2024 04:00PM

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2. Property Highlights

High-profile site in Newcastle CBD with development upside

Located in Newcastle's vibrant CBD, 528-534 Hunter Street is a modern, two-level commercial building with two street frontages. This prominent corner property offers exceptional visibility and accessibility, strategically near Newcastle University, the East End redevelopment, and key precincts like Darby Street and King Street. With modern interiors, ample secure parking, and quality end of trip facilities, the site is well-equipped for modern business needs.

The property is zoned MU1 Mixed Use with a building height limit of 24 metres and a Floor Space Ratio (FSR) of 2.5:1, offering significant development potential STCA. Benefitting from easy access to the Light Rail and major arterial roads, and surrounded by new residential and commercial developments, this property is poised to capitalise on Newcastle's dynamic growth.

This contemporary office building, constructed with concrete-clad brick, spans two levels and offers a recently completed, premium government fitout. The interior includes purpose-built spaces such as training and interview rooms, ensuring a functional and high-quality working environment.

Key features:

- Prime corner location with frontages

- Excellent visibility and accessibility

- Building height allowance: 24 metres (FSR 2:5:1)

- Secure undercover parking and bicycle storage

- Currently lease to Adecco Australia Pty Ltd

- Immediate access to Light Rail and major arterial roads

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Development Potential